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EXHIBIT 10.5
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CREDIT AGREEMENT
AMONG
FLOWERS FOODS, INC.,
VARIOUS LENDERS,
SUNTRUST BANK,
AS SYNDICATION AGENT,
AND
BANKERS TRUST COMPANY,
AS ADMINISTRATIVE AGENT
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DATED AS OF MARCH 26, 2001
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$380,000,000
DEUTSCHE BANC ALEX. XXXXX INC.,
AS LEAD ARRANGER
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TABLE OF CONTENTS
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SECTION 1. Amount and Terms of Credit............................................................................1
1.01 The Commitments....................................................................................1
1.02 Minimum Amount of Each Borrowing; Limitation on Number of Borrowings...............................4
1.03 Notice of Borrowing................................................................................4
1.04 Disbursement of Funds..............................................................................5
1.05 Notes..............................................................................................6
1.06 Conversions........................................................................................7
1.07 Pro Rata Borrowings................................................................................8
1.08 Interest...........................................................................................8
1.09 Interest Periods...................................................................................9
1.10 Increased Costs, Illegality, etc..................................................................10
1.11 Compensation......................................................................................12
1.12 Change of Lending Office..........................................................................13
1.13 Replacement of Lenders............................................................................13
SECTION 2. Letters of Credit....................................................................................14
2.01 Letters of Credit.................................................................................14
2.02 Letter of Credit Requests.........................................................................16
2.03 Letter of Credit Participations...................................................................16
2.04 Agreement to Repay Letter of Credit Drawings......................................................18
2.05 Increased Costs...................................................................................19
SECTION 3. Commitment Commission; Fees; Reductions of Commitment................................................20
3.01 Fees ...........................................................................................20
3.02 Voluntary Termination of Unutilized Commitments...................................................21
3.03 Mandatory Reduction of Commitments................................................................21
SECTION 4. Prepayments; Payments; Taxes.........................................................................22
4.01 Voluntary Prepayments.............................................................................22
4.02 Mandatory Repayments..............................................................................23
4.03 Method and Place of Payment.......................................................................29
4.04 Net Payments; Taxes...............................................................................29
SECTION 5. Conditions Precedent to Credit Events on Initial Borrowing Date......................................31
5.01 Execution of Agreement; Notes.....................................................................31
5.02 Officers' Certificate.............................................................................32
5.03 Opinions of Counsel...............................................................................32
(i)
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5.04 Corporate Documents; Proceedings; etc.............................................................32
5.05 Employee Benefit Plans; Debt Agreements; Tax Sharing Agreements...................................32
5.06 Consummation of the Spin-off and Merger; Equipment Purchase; etc..................................33
5.07 Existing Debentures Tender Offer..................................................................33
5.08 Refinancing; Indebtedness.........................................................................34
5.09 Subsidiaries Guaranty.............................................................................34
5.10 Pledge and Security Agreement.....................................................................34
5.11 Security Agreement................................................................................35
5.12 Lease Program.....................................................................................35
5.13 Material Adverse Change; Approvals, etc...........................................................35
5.14 Litigation........................................................................................36
5.15 Solvency Certificate; Environmental Analyses; Insurance...........................................36
5.16 Pro Forma Balance Sheet; Financial Statements; Projections........................................36
5.17 Payment of Fees...................................................................................37
5.18 Ratings Request...................................................................................37
SECTION 6. Conditions Precedent to All Credit Events............................................................37
6.01 No Default; Representations and Warranties........................................................37
6.02 Notice of Borrowing; Letter of Credit Request.....................................................37
SECTION 7. Representations, Warranties and Agreements...........................................................37
7.01 Corporate/Limited Liability Company/Partnership Status; etc.......................................38
7.02 Corporate Power and Authority.....................................................................38
7.03 No Violation......................................................................................38
7.04 Governmental Approvals............................................................................38
7.05 Financial Statements; Financial Condition; Undisclosed Liabilities; Projections; etc..............39
7.06 Litigation........................................................................................40
7.07 True and Complete Disclosure......................................................................41
7.08 Use of Proceeds; Margin Regulations...............................................................41
7.09 Tax Returns and Payments..........................................................................42
7.10 Compliance with ERISA.............................................................................42
7.11 The Security Documents............................................................................43
7.12 Representations and Warranties in Documents.......................................................43
7.13 Properties........................................................................................43
7.14 Capitalization....................................................................................44
7.15 Subsidiaries......................................................................................44
7.16 Compliance with Statutes, etc.....................................................................44
7.17 Investment Company Act............................................................................44
7.18 Public Utility Holding Company Act................................................................44
7.19 Environmental Matters.............................................................................44
7.20 Labor Relations...................................................................................45
7.21 Patents, Licenses, Franchises and Formulas........................................................45
7.22 Indebtedness......................................................................................45
(ii)
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7.23 Transaction.......................................................................................46
7.24 Insurance.........................................................................................46
SECTION 8. Affirmative Covenants................................................................................46
8.01 Information Covenants.............................................................................47
8.02 Books, Records and Inspections....................................................................50
8.03 Maintenance of Property; Insurance................................................................50
8.04 Rights; Franchises; etc...........................................................................51
8.05 Compliance with Statutes, etc.....................................................................51
8.06 Compliance with Environmental Laws................................................................51
8.07 ERISA.............................................................................................51
8.08 End of Fiscal Years; Fiscal Quarters..............................................................53
8.09 Performance of Obligations........................................................................53
8.10 Payment of Taxes..................................................................................53
8.11 Ownership of Subsidiaries.........................................................................53
8.12 Additional Security; Further Assurances...........................................................53
8.13 Use of Proceeds...................................................................................55
8.14 Margin Regulations................................................................................55
SECTION 9. Negative Covenants...................................................................................55
9.01 Liens.............................................................................................55
9.02 Consolidation, Merger, Purchase or Sale of Assets, etc............................................58
9.03 Dividends.........................................................................................60
9.04 Indebtedness......................................................................................61
9.05 Investments.......................................................................................63
9.06 Transactions with Affiliates......................................................................66
9.07 Capital Expenditures..............................................................................67
9.08 Consolidated Interest Coverage Ratio..............................................................68
9.09 Consolidated Fixed Charge Coverage Ratio..........................................................68
9.10 Maximum Leverage Ratio............................................................................68
9.11 Limitation on Voluntary Payments and Modifications of Indebtedness; Modifications of
Certificate of Incorporation, By-Laws and Certain Other Agreements; etc....................69
9.12 Limitation on Certain Restrictions on Subsidiaries................................................70
9.13 Limitation on Issuance of Capital Stock...........................................................70
9.14 Limitation on Creation of Subsidiaries............................................................71
9.15 Business..........................................................................................71
SECTION 10. Events of Default...................................................................................71
10.01 Payments.........................................................................................71
10.02 Representations, etc.............................................................................71
10.03 Covenants........................................................................................71
10.04 Default Under Other Agreements...................................................................72
10.05 Bankruptcy, etc..................................................................................72
(iii)
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10.06 ERISA............................................................................................72
10.07 Security Documents...............................................................................73
10.08 Subsidiaries Guaranty............................................................................73
10.09 Judgments........................................................................................74
10.10 Change of Control................................................................................74
SECTION 11. Definitions and Accounting Terms....................................................................74
11.01 Defined Terms....................................................................................74
SECTION 12. The Agents.........................................................................................104
12.01 Appointment.....................................................................................104
12.02 Nature of Duties................................................................................104
12.03 Lack of Reliance on the Agents..................................................................104
12.04 Certain Rights of the Agents....................................................................105
12.05 Reliance........................................................................................105
12.06 Indemnification.................................................................................105
12.07 Each Agent in its Individual Capacity...........................................................106
12.08 Holders.........................................................................................106
12.09 Resignation by the Agents.......................................................................106
SECTION 13. Miscellaneous......................................................................................107
13.01 Payment of Expenses, etc........................................................................107
13.02 Right of Setoff.................................................................................108
13.03 Notices.........................................................................................108
13.04 Benefit of Agreement............................................................................109
13.05 No Waiver; Remedies Cumulative..................................................................110
13.06 Payments Pro Rata...............................................................................111
13.07 Calculations; Computations......................................................................111
13.08 Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury Trial..........................112
13.09 Counterparts....................................................................................113
13.10 Effectiveness...................................................................................113
13.11 Headings Descriptive............................................................................113
13.12 Amendment or Waiver; etc........................................................................113
13.13 Survival........................................................................................115
13.14 Domicile of Loans...............................................................................115
13.15 Limitation on Additional Amounts, etc...........................................................115
13.16 Confidentiality.................................................................................116
13.17 Register........................................................................................116
13.18 Post-Closing Actions............................................................................117
13.19 Special Provisions Concerning Distributor Notes and Loans to Distributors.......................117
(iv)
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SCHEDULE I - COMMITMENTS
SCHEDULE II - LENDER ADDRESSES
SCHEDULE III - EXISTING LIENS
SCHEDULE IV - EXISTING INDEBTEDNESS
SCHEDULE V - INSURANCE
SCHEDULE VI - ERISA
SCHEDULE VII - SUBSIDIARIES
SCHEDULE VIII - TAX MATTERS
SCHEDULE IX - POST-CLOSING ACTIONS
EXHIBIT A-1 Notice of Borrowing
EXHIBIT A-2 Notice of Conversion/Continuation
EXHIBIT B-1 A Term Note
EXHIBIT B-2 B Term Note
EXHIBIT B-3 Revolving Note
EXHIBIT B-4 Swingline Note
EXHIBIT C Letter of Credit Request
EXHIBIT D Section 4.04(b)(ii) Certificate
EXHIBIT E-1 Opinion of Xxxxxxxx Xxxxxxx
EXHIBIT E-2 Opinion of Xxxxx, Day, Xxxxxx & Xxxxx
EXHIBIT F Officers' Certificate
EXHIBIT G Subsidiaries Guaranty
EXHIBIT H Pledge Agreement
EXHIBIT I Security Agreement
EXHIBIT J Solvency Certificate
EXHIBIT K Assignment and Assumption Agreement
(v)
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CREDIT AGREEMENT, dated as of March 26, 2001, among FLOWERS
FOODS, INC., a Georgia corporation (the "Borrower"), the Lenders party hereto
from time to time, SUNTRUST BANK, as Syndication Agent (in such capacity, the
"Syndication Agent"), and BANKERS TRUST COMPANY, as Administrative Agent (in
such capacity, the "Administrative Agent") (all capitalized terms used herein
and defined in Section 11 are used herein as therein defined).
WITNESSETH:
WHEREAS, subject to and upon the terms and conditions herein
set forth, the Lenders are willing to make available to the Borrower the
respective credit facilities provided for herein;
NOW, THEREFORE, IT IS AGREED:
SECTION 1. Amount and Terms of Credit.
1.01 The Commitments. (a) Subject to and upon the terms
and conditions set forth herein, each Lender with an A Term Loan Commitment
severally agrees to make, on the Initial Borrowing Date, a term loan or term
loans (each an "A Term Loan" and, collectively, the "A Term Loans") to the
Borrower, which A Term Loans (i) shall, at the option of the Borrower, be
incurred and maintained as, and/or converted into, Base Rate Loans or Eurodollar
Loans, provided that (A) except as otherwise specifically provided in Section
1.10(b), all A Term Loans comprising the same Borrowing shall at all times be of
the same Type and (B) until the Syndication Date has occurred (at which time
this clause (B) shall no longer be applicable), A Term Loans may only be
incurred and maintained as Base Rate Loans or, if Interest Periods of one week
are available in accordance with the relevant provisions of Section 1.09,
Eurodollar Loans with one-week Interest Periods, (ii) shall be incurred pursuant
to a single drawing on the Initial Borrowing Date, (iii) shall be denominated in
Dollars and (iv) shall not exceed (A) for any Lender, that amount which equals
the A Term Loan Commitment of such Lender as in effect on the Initial Borrowing
Date (after giving effect to any termination thereof pursuant to Section
3.03(a), but before giving effect to the termination thereof on such date
pursuant to Section 3.03(b)) and (B) for all Lenders, the Total A Term Loan
Commitment as in effect on the Initial Borrowing Date (after giving effect to
any termination thereof pursuant to Section 3.03(a), but before giving effect to
the termination thereof on such date pursuant to Section 3.03(b)). Once repaid,
A Term Loans incurred hereunder may not be reborrowed.
(b) Subject to and upon the terms and conditions set
forth herein, each Lender with a B Term Loan Commitment severally agrees to
make, on the Initial Borrowing Date, a term loan or term loans (each a "B Term
Loan" and, collectively, the "B Term Loans") to the Borrower, which B Term Loans
(i) shall, at the option of the Borrower, be incurred and maintained as, and/or
converted into, Base Rate Loans or Eurodollar Loans, provided that (A) except as
otherwise specifically provided in Section 1.10(b), all B Term Loans comprising
the same Borrowing shall at all times be of the same Type and (B) until the
Syndication Date has occurred
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(at which time this clause (B) shall no longer be applicable), B Term Loans may
only be incurred and maintained as Base Rate Loans or, if Interest Periods of
one week are available in accordance with the relevant provisions of Section
1.09, Eurodollar Loans with one-week Interest Periods, (ii) shall be incurred
pursuant to a single drawing on the Initial Borrowing Date, (iii) shall be
denominated in Dollars and (iv) shall not exceed (A) for any Lender, that amount
which equals the B Term Loan Commitment of such Lender as in effect on the
Initial Borrowing Date (after giving effect to any termination thereof pursuant
to Section 3.03(a), but before giving effect to the termination thereof on such
date pursuant to Section 3.03(c)) and (B) for all Lenders, the Total B Term Loan
Commitment as in effect on the Initial Borrowing Date (after giving effect to
any termination thereof pursuant to Section 3.03(a), but before giving effect to
the termination thereof on such date pursuant to Section 3.03(c)). Once repaid,
B Term Loans incurred hereunder may not be reborrowed.
(c) Subject to and upon the terms and conditions set
forth herein, each Lender with a Revolving Loan Commitment severally agrees, at
any time and from time to time on and after the Initial Borrowing Date and prior
to the Revolving Loan Maturity Date, to make a revolving loan or revolving loans
(each, a "Revolving Loan" and, collectively, the "Revolving Loans") to the
Borrower, which Revolving Loans (i) shall, at the option of the Borrower, be
Base Rate Loans or Eurodollar Loans, provided that (A) except as otherwise
specifically provided in Section 1.10(b), all Revolving Loans comprising the
same Borrowing shall at all times be of the same Type and (B) until the
Syndication Date has occurred (at which time this clause (B) shall no longer be
applicable), Revolving Loans may only be incurred and maintained as Base Rate
Loans or, if Interest Periods of one week are available in accordance with the
relevant provisions of Section 1.09, Eurodollar Loans with one-week Interest
Periods, (ii) may be repaid and reborrowed in accordance with the provisions
hereof, (iii) shall be denominated in Dollars and (iv) shall not exceed for any
Lender at any time outstanding that aggregate principal amount which, when added
to the sum of such Lender's Revolving Percentage of (x) all Letter of Credit
Outstandings (exclusive of Unpaid Drawings which are repaid with the proceeds
of, and simultaneously with the incurrence of, the respective incurrence of
Revolving Loans) at such time and (y) the aggregate principal amount of all
Swingline Loans (exclusive of Swingline Loans which are repaid with the proceeds
of, and simultaneously with the incurrence of, the respective incurrence of
Revolving Loans) then outstanding, equals the Revolving Loan Commitment of such
Lender at such time and (iv) shall not exceed for all Lenders at any time
outstanding that aggregate principal amount which, when added to (x) the amount
of all Letter of Credit Outstandings (exclusive of Unpaid Drawings which are
repaid with the proceeds of, and simultaneously with the incurrence of, the
respective incurrence of Revolving Loans) at such time, and (y) the aggregate
principal amount of all Swingline Loans (exclusive of Swingline Loans which are
repaid with the proceeds of, and simultaneously with the incurrence of, the
respective incurrence of Revolving Loans) then outstanding, equals the Total
Revolving Loan Commitment at such time. In addition, the Revolving Lenders shall
be required to fund, as Revolving Loans, their respective shares of Mandatory
Borrowings in accordance with the requirements of Section 1.01(e) hereof.
(d) Subject to and upon the terms and conditions herein
set forth, the Swingline Lender in its individual capacity agrees to make at any
time and from time to time after the Initial
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Borrowing Date and prior to the Swingline Expiry Date, a revolving loan or
revolving loans (each, a "Swingline Loan" and, collectively, the "Swingline
Loans") to the Borrower, which Swingline Loans (i) shall be made and maintained
as Base Rate Loans, (ii) may be repaid and reborrowed in accordance with the
provisions hereof, (iii) shall not exceed in aggregate principal amount at any
time outstanding, when added to (x) the aggregate principal amount of all
Revolving Loans then outstanding, and (y) the Letter of Credit Outstandings
(exclusive of Unpaid Drawings which are repaid with the proceeds of, and
simultaneously with the incurrence of, the respective incurrence of Swingline
Loans) at such time, an amount equal to the Total Revolving Loan Commitment at
such time (after giving effect to any reductions to the Total Revolving Loan
Commitment on such date), (iv) shall not exceed in the aggregate at any time
outstanding the Maximum Swingline Amount and (v) shall not be extended if the
Swingline Lender receives a written notice from the Administrative Agent or the
Required Lenders (and such notice has not been rescinded) that there is a
Default or an Event of Default in existence hereunder. Notwithstanding anything
to the contrary contained above, the Swingline Lender shall not be required to
make any Swingline Loans at any time when a Lender Default is in existence,
unless the Swingline Lender has entered into arrangements satisfactory to it and
the Borrower to eliminate the Swingline Lender's risk with respect to the
Defaulting Lender's (or Defaulting Lenders') share of Mandatory Borrowings which
would be required to be made if said Swingline Loans were to be funded with one
or more Borrowings of Revolving Loans pursuant to Section 1.01(e), including by
cash collateralizing such Defaulting Lender's (or Defaulting Lenders') Revolving
Percentage (or Revolving Percentages) of such Swingline Loan or Swingline Loans.
(e) On any Business Day, the Swingline Lender may, in its
sole discretion, give notice to the Revolving Lenders that its outstanding
Swingline Loans shall be funded with a Borrowing of Revolving Loans (provided
that such notice shall be deemed to have been automatically given upon the
occurrence of a Default or an Event of Default under Section 10.05 or upon the
exercise of any of the remedies provided in the last paragraph of Section 10),
in which case a Borrowing of Revolving Loans constituting Base Rate Loans (each
such Borrowing, a "Mandatory Borrowing") shall be made on the immediately
succeeding Business Day by all Revolving Lenders pro rata based on each such
Lender's Revolving Percentage (determined before giving effect to any
termination of the Revolving Loan Commitments pursuant to the last paragraph of
Section 10) and the proceeds thereof shall be paid directly to the Swingline
Lender to repay the Swingline Lender for such outstanding Swingline Loans. Each
such Revolving Lender hereby irrevocably agrees to make Revolving Loans upon one
Business Day's notice pursuant to each Mandatory Borrowing in the amount and in
the manner specified in the preceding sentence and on the date specified in
writing by the Swingline Lender notwithstanding (i) that the amount of the
Mandatory Borrowing may not comply with the minimum amount for Borrowings
otherwise required hereunder, (ii) whether any conditions specified in Section 6
are then satisfied, (iii) whether a Default or an Event of Default then exists,
(iv) the date of such Mandatory Borrowing and (v) the amount of the Total
Revolving Loan Commitment or the Revolving Loan Commitment of any Lender at such
time. In the event that any Mandatory Borrowing cannot for any reason be made on
the date otherwise required above (including, without limitation, as a result of
the commencement of a proceeding under the Bankruptcy Code with respect to the
Borrower), then each Revolving Lender hereby agrees that it shall forthwith
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purchase (as of the date the Mandatory Borrowing would otherwise have occurred,
but adjusted for any payments received from the Borrower on or after such date
and prior to such purchase) from the Swingline Lender such participations in the
outstanding Swingline Loans as shall be necessary to cause such Lenders to share
in such Swingline Loans ratably based upon their respective Revolving
Percentages (determined before giving effect to any termination of the Revolving
Loan Commitments pursuant to the last paragraph of Section 10), provided that
(x) all interest payable on the Swingline Loans shall be for the account of the
Swingline Lender until the date as of which the respective participation is
required to be purchased and, to the extent attributable to the purchased
participation, shall be payable to the participant from and after such date and
(y) at the time any purchase of participations pursuant to this sentence is
actually made, the purchasing Lender shall be required to pay the Swingline
Lender interest on the principal amount of participation purchased for each day
from and including the day upon which the Mandatory Borrowing would otherwise
have occurred to but excluding the date of payment for such participation, at
the overnight Federal Funds Rate for the first three days and at the rate
otherwise applicable to Revolving Loans maintained as Base Rate Loans hereunder
for each day thereafter.
1.02 Minimum Amount of Each Borrowing; Limitation on
Number of Borrowings. (a) The aggregate principal amount of each Borrowing of
Term Loans shall not be less than $5,000,000. The aggregate principal amount of
each Borrowing of Revolving Loans shall not be less than (x) in the case of a
Borrowing of Eurodollar Loans, $5,000,000 and (y) in the case of a Borrowing of
Base Rate Loans, $1,000,000, provided that Mandatory Borrowings shall be made in
the amounts required by Section 1.01(e). The aggregate principal amount of each
Borrowing of Swingline Loans shall not be less than $100,000.
(b) More than one Borrowing may occur on the same date,
but at no time shall there be outstanding more than sixteen Borrowings of
Eurodollar Loans in the aggregate for all Tranches.
1.03 Notice of Borrowing. (a) Whenever the Borrower
desires to make a Borrowing hereunder (excluding Borrowings of Swingline Loans
and Mandatory Borrowings), it shall give the Administrative Agent at its Notice
Office prior written notice (or telephonic notice promptly confirmed in writing)
not later than 10:00 A.M. (New York time) on the date of each Base Rate Loan to
be made hereunder, and not later than 11:00 A.M. (New York time) on the third
Business Day prior to each Eurodollar Loan to be made hereunder. Each such
written notice or written confirmation of telephonic notice (each a "Notice of
Borrowing"), except as otherwise expressly provided in Section 1.10, shall be
irrevocable and shall be given by the Borrower in the form of Exhibit A-1,
appropriately completed to specify (i) the aggregate principal amount of the
Loans to be made pursuant to such Borrowing, (ii) the date of such Borrowing
(which shall be a Business Day), (iii) whether the Loans being made pursuant to
such Borrowing shall constitute A Term Loans, B Term Loans or Revolving Loans
and (iv) whether the Loans being made pursuant to such Borrowing are to be
initially maintained as Base Rate Loans or Eurodollar Loans and, if Eurodollar
Loans, the initial Interest Period to be applicable thereto. The Administrative
Agent shall promptly give each Lender which is required to make Loans of the
Tranche specified in the respective Notice of Borrowing, notice of such proposed
Borrowing,
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of such Lender's proportionate share thereof and of the other matters required
by the immediately preceding sentence to be specified in the Notice of
Borrowing.
(b) (i) Whenever the Borrower desires to make a
Borrowing of Swingline Loans hereunder, it shall give the Swingline Lender not
later than 12:00 Noon (New York time) on the date that a Swingline Loan is to be
made, written notice (or telephonic notice promptly confirmed in writing) of
each Swingline Loan to be made hereunder. Each such notice shall be irrevocable
and specify in each case (A) the date of Borrowing (which shall be a Business
Day) and (B) the aggregate principal amount of the Swingline Loans to be made
pursuant to such Borrowing.
(ii) Mandatory Borrowings shall be made upon the
notice specified in Section 1.01(e), with the Borrower irrevocably agreeing, by
its incurrence of any Swingline Loan, to the making of the Mandatory Borrowings
as set forth in Section 1.01(e).
(c) Without in any way limiting the obligation of the
Borrower to confirm in writing any telephonic notice of any Borrowing of Loans,
the Administrative Agent or the Swingline Lender, as the case may be, may act
without liability upon the basis of telephonic notice of such Borrowing,
believed by the Administrative Agent or the Swingline Lender, as the case may
be, in good faith to be from the Chairman of the Board, the President, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, (or any other officer
or employee of the Borrower designated in writing to the Administrative Agent
and the Swingline Lender by the Chairman of the Board, the President, the Chief
Financial Officer or the Treasurer as being authorized to give such notices
under this Agreement) prior to receipt of written confirmation. In each such
case, the Borrower hereby waives the right to dispute the Administrative Agent's
and the Swingline Lender's record of the terms of such telephonic notice of such
Borrowing of Loans.
1.04 Disbursement of Funds. Except as otherwise
specifically provided in the immediately succeeding sentence, no later than
12:00 Noon (New York time) on the date specified in each Notice of Borrowing (or
(w) in the case of Revolving Loans to be maintained as Base Rate Loans, not
later than 2:00 P.M. (New York time) on the date specified in the respective
Notice of Borrowing, (x) in the case of Swingline Loans, not later than 2:00
P.M. (New York time) on the date specified pursuant to Section 1.03(b)(i) or (y)
in the case of Mandatory Borrowings, not later than 12:00 Noon (New York time)
on the date specified in Section 1.01(e)), each Lender with a Commitment of the
respective Tranche will make available its pro rata portion of each such
Borrowing requested to be made on such date (or in the case of Swingline Loans,
the Swingline Lender shall make available the full amount thereof). All such
amounts shall be made available in Dollars and in immediately available funds at
the Payment Office of the Administrative Agent, and, except in the case of
Mandatory Borrowings, the Administrative Agent will make available to the
Borrower at the Payment Office the aggregate of the amounts so made available by
the Lenders ((x) for Loans other than Swingline Loans and Revolving Loans
maintained as Base Rate Loans, prior to 1:00 P.M. (New York time) on such day,
to the extent of funds actually received by the Administrative Agent prior to
12:00 Noon (New York time) on such day and (y) for Revolving Loans maintained as
Base Rate Loans, prior to 3:00 P.M. (New York time) on such day, to the extent
of funds actually received by the
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Administrative Agent prior to 2:00 P.M. (New York time) on such day). Unless the
Administrative Agent shall have been notified by any Lender prior to the date of
Borrowing that such Lender does not intend to make available to the
Administrative Agent such Lender's portion of any Borrowing to be made on such
date, the Administrative Agent may assume that such Lender has made such amount
available to the Administrative Agent on such date of Borrowing and the
Administrative Agent may, in reliance upon such assumption, make available to
the Borrower a corresponding amount. If such corresponding amount is not in fact
made available to the Administrative Agent by such Lender, the Administrative
Agent shall be entitled to recover such corresponding amount on demand from such
Lender. If such Lender does not pay such corresponding amount forthwith upon the
Administrative Agent's demand therefor, the Administrative Agent shall promptly
notify the Borrower and the Borrower shall immediately pay such corresponding
amount to the Administrative Agent. The Administrative Agent shall also be
entitled to recover on demand from such Lender or the Borrower, as the case may
be, interest on such corresponding amount in respect of each day from the date
such corresponding amount was made available by the Administrative Agent to the
Borrower until the date such corresponding amount is recovered by the
Administrative Agent, at a rate per annum equal to (i) if recovered from such
Lender, at the overnight Federal Funds Rate and (ii) if recovered from the
Borrower, the rate of interest applicable to the respective Borrowing, as
determined pursuant to Section 1.08. Nothing in this Section 1.04 shall be
deemed to relieve any Lender from its obligation to make Loans hereunder or to
prejudice any rights which the Borrower may have against any Lender as a result
of any failure by such Lender to make Loans hereunder.
1.05 Notes. (a) The Borrower's obligation to pay the
principal of, and interest on, the Loans made by each Lender shall, if requested
by such Lender, be evidenced (i) if A Term Loans, by a promissory note duly
executed and delivered by the Borrower substantially in the form of Exhibit B-1
with blanks appropriately completed in conformity herewith (each, an "A Term
Note" and, collectively, the "A Term Notes"), (ii) if B Term Loans, by a
promissory note substantially in the form of Exhibit B-2 with blanks
appropriately completed in conformity herewith (each, a "B Term Note" and,
collectively, the "B Term Notes"), (iii) if Revolving Loans, by a promissory
note duly executed and delivered by the Borrower substantially in the form of
Exhibit B-3, with blanks appropriately completed in conformity herewith (each, a
"Revolving Note" and, collectively, the "Revolving Notes") and (iii) if
Swingline Loans, by a promissory note duly executed and delivered by the
Borrower substantially in the form of Exhibit B-4, with blanks appropriately
completed in conformity herewith (the "Swingline Note").
(b) Each A Term Note shall (i) be executed by the
Borrower, (ii) be payable to the order of such Lender or its registered assigns
and be dated the Initial Borrowing Date (or, in the case of A Term Notes issued
after the Initial Borrowing Date, be dated the date of the issuance thereof),
(iii) be in a stated principal amount equal to the principal amount of A Term
Loans made by such Lender on the Initial Borrowing Date (or, in the case of A
Term Notes issued after the Initial Borrowing Date, be in a stated principal
amount equal to the outstanding principal amount of A Term Loans of such Lender
on the date of issuance thereof) and be payable in the principal amount of A
Term Loans evidenced thereby, (iv) mature on the A Term Loan Maturity Date, (v)
bear interest as provided in the appropriate clause of Section 1.08 in
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respect of the Base Rate Loans and Eurodollar Loans, as the case may be,
evidenced thereby, (vi) be subject to voluntary prepayment and mandatory
repayment as provided in Sections 4.01 and 4.02 and (vii) be entitled to the
benefits of this Agreement and the other Credit Documents.
(c) Each B Term Note shall (i) be executed by the
Borrower, (ii) be payable to the order of such Lender or its registered assigns
and be dated the Initial Borrowing Date (or, in the case of B Term Notes issued
after the Initial Borrowing Date, be dated the date of issuance thereof), (iii)
be in a stated principal amount equal to the principal amount of B Term Loans
made by such Lender on the Initial Borrowing Date (or, in the case of B Term
Notes issued after the Initial Borrowing Date, be in a stated principal amount
equal to the outstanding principal amount of B Term Loans of such Lender on the
date of issuance thereof) and be payable in the outstanding principal amount of
B Term Loans evidenced thereby, (iv) mature on the B Term Loan Maturity Date,
(v) bear interest as provided in the appropriate clause of Section 1.08 in
respect of the Base Rate Loans and Eurodollar Loans, as the case may be,
evidenced thereby, (vi) be subject to voluntary repayment and mandatory
repayment as provided in Sections 4.01 and 4.02 and (vii) be entitled to the
benefits of this Agreement and the other Credit Documents.
(d) Each Revolving Note shall (i) be executed by the
Borrower, (ii) be payable to the order of such Lender and be dated the Initial
Borrowing Date (or, in the case of Revolving Notes issued after the Initial
Borrowing Date, be dated the date of the issuance thereof), (iii) be in a stated
principal amount equal to the Revolving Loan Commitment of such Lender and be
payable in the principal amount of the Revolving Loans evidenced thereby, (iv)
mature on the Revolving Loan Maturity Date, (v) bear interest as provided in the
appropriate clause of Section 1.08 in respect of the Base Rate Loans and
Eurodollar Loans, as the case may be, evidenced thereby, (vi) be subject to
voluntary prepayment and mandatory repayment as provided in Sections 4.01 and
4.02 and (vii) be entitled to the benefits of this Agreement and the other
Credit Documents.
(e) The Swingline Note shall (i) be executed by the
Borrower, (ii) be payable to the order of the Swingline Lender and be dated the
Initial Borrowing Date (or, in the case of any Swingline Note issued after the
Initial Borrowing Date, be dated the date of the issuance thereof), (iii) be in
a stated principal amount equal to the Maximum Swingline Amount and be payable
in the principal amount of the outstanding Swingline Loans evidenced thereby,
(iv) mature on the Swingline Expiry Date, (v) bear interest as provided in the
appropriate clause of Section 1.08 in respect of the Base Rate Loans evidenced
thereby and (vi) be entitled to the benefits of this Agreement and the other
Credit Documents.
(f) Each Lender will note on its internal records the
amount of each Loan made by it and each payment in respect thereof and will,
prior to any transfer of any of its Notes, endorse on the reverse side thereof
the outstanding principal amount of Loans evidenced thereby. Failure to make any
such notation or any error in any such notation or endorsement shall not affect
the Borrower's obligations in respect of such Loans.
1.06 Conversions. The Borrower shall have the option to
convert, on any Business Day occurring on or after the Initial Borrowing Date,
all or a portion of the outstanding
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principal amount of Loans made pursuant to one or more Borrowings (so long as of
the same Tranche) of one or more Types of Loans into a Borrowing (of the same
Tranche) of another Type of Loan, provided that (i) except as otherwise provided
in Section 1.10(b), no Eurodollar Loans may be converted into Base Rate Loans on
a day which is not the last day of an Interest Period applicable to the Loans
being converted, (ii) unless the Required Lenders otherwise specifically agree
in writing, Base Rate Loans may only be converted into Eurodollar Loans if no
Specified Default and no Event of Default is in existence on the date of the
conversion, (iii) no conversion pursuant to this Section 1.06 shall result in a
greater number of Borrowings of Eurodollar Loans than is permitted under Section
1.02(b), (iv) no conversion pursuant to this Section 1.06 shall result in any
Borrowing of Eurodollar Loans in an amount which is less than the minimum amount
for the respective Tranche specified in Section 1.02(a), (v) Swingline Loans may
not be converted pursuant to this Section 1.06 and (vi) until the Syndication
Date has occurred (at which time this clause (vi) shall no longer be
applicable), Base Rate Loans may not be converted into Eurodollar Loans (except
Eurodollar Loans with one week Interest Periods if same are available in
accordance with the provisions of Section 1.09). Each such conversion shall be
effected by the Borrower by giving the Administrative Agent at its Notice Office
prior to 12:00 Noon (New York time) at least (x) in the case of a conversion to
Eurodollar Loans, three Business Days' and (y) in the case of a conversion to
Base Rate Loans, one Business Day's, prior written notice (or telephonic notice
promptly confirmed in writing) (each a "Notice of Conversion/Continuation") in
the form of Exhibit A-2, appropriately completed to specify the Loans to be so
converted, the Borrowing(s) pursuant to which such Loans were made and, if to be
converted into Eurodollar Loans, the Interest Period to be initially applicable
thereto. The Administrative Agent shall give each Lender prompt notice of any
such proposed conversion affecting any of its Loans.
1.07 Pro Rata Borrowings. All Borrowings of A Term Loans,
B Term Loans and Revolving Loans under this Agreement shall be incurred from the
Lenders pro rata on the basis of their A Term Loan Commitments, B Term Loan
Commitments or Revolving Loan Commitments, as the case may be. It is understood
that no Lender shall be responsible for any default by any other Lender of its
obligation to make Loans hereunder and that each Lender shall be obligated to
make the Loans provided to be made by it hereunder, regardless of the failure of
any other Lender to make its Loans hereunder.
1.08 Interest. (a) The Borrower agrees to pay interest in
respect of the unpaid principal amount of each Base Rate Loan from the date the
proceeds thereof are made available to the Borrower until the earlier of (i) the
maturity (whether by acceleration or otherwise) of such Base Rate Loan and (ii)
the conversion of such Base Rate Loan to a Eurodollar Loan pursuant to Section
1.06, at a rate per annum which shall be equal to the sum of the respective
Applicable Margin plus the Base Rate in effect from time to time.
(b) The Borrower agrees to pay interest in respect of the
unpaid principal amount of each Eurodollar Loan from the date the proceeds
thereof are made available to the Borrower until the earlier of (i) the maturity
(whether by acceleration or otherwise) of such Eurodollar Loan and (ii) the
conversion of such Eurodollar Loan to a Base Rate Loan pursuant to Section 1.06
or 1.09, as applicable, at a rate per annum which shall, during each Interest
Period
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applicable thereto, be equal to the sum of the respective Applicable Margin plus
the Eurodollar Rate for such Interest Period.
(c) Overdue principal and, to the extent permitted by
law, overdue interest in respect of each Loan and any other overdue amount
payable hereunder shall, in each case, bear interest at a rate per annum equal
to the greater of (x) 2% per annum in excess of the rate otherwise applicable to
Base Rate Loans of the respective Tranche from time to time (or, if such overdue
amount is not interest or principal in respect of a Loan, 2% per annum in excess
of the rate otherwise applicable to Revolving Loans maintained as Base Rate
Loans from time to time) and (y) the rate which is 2% in excess of the rate then
borne by such Loans, in each case with such interest to be payable on demand.
(d) Accrued and unpaid interest shall be payable (i) in
respect of each Base Rate Loan, quarterly in arrears on each Quarterly Payment
Date, (ii) in respect of each Eurodollar Loan, on the last day of each Interest
Period applicable thereto and, in the case of an Interest Period in excess of
three months, on each date occurring at three month intervals after the first
day of such Interest Period and (iii) in respect of each Loan, on any repayment,
prepayment or conversion (on the amount repaid, prepaid or converted), at
maturity (whether by acceleration or otherwise) and, after such maturity, on
demand; provided that for purposes of preceding clause (iii) voluntary
repayments, prepayments and conversions of Revolving Loans maintained as Base
Rate Loans shall not be required to be accompanied by a payment of accrued and
unpaid interest unless the Total Revolving Loan Commitment is then being
terminated (with said interest payments generally to be made on Quarterly
Payment Dates, as specified in clause (i) above).
(e) Upon each Interest Determination Date, the
Administrative Agent shall determine the Eurodollar Rate for each Interest
Period applicable to Eurodollar Loans and shall promptly notify the Borrower and
the respective Lenders thereof. Each such determination shall, absent manifest
error, be final and conclusive and binding on all parties hereto.
1.09 Interest Periods. At the time it gives any Notice of
Borrowing or Notice of Conversion/Continuation in respect of the making of, or
conversion into, any Eurodollar Loan (in the case of the initial Interest Period
applicable thereto) or on the third Business Day prior to the expiration of an
Interest Period applicable to such Eurodollar Loan (in the case of any
subsequent Interest Period), the Borrower shall have the right to elect, by
giving the Administrative Agent notice thereof, the interest period (each an
"Interest Period") applicable to such Eurodollar Loan, which Interest Period
shall, at the option of the Borrower, be a one week or a one, two, three or six
month period; provided that:
(i) all Eurodollar Loans comprising a Borrowing shall at
all times have the same Interest Period;
(ii) the initial Interest Period for any Eurodollar Loan
shall commence on the date of Borrowing of such Eurodollar Loan
(including the date of any conversion thereto from a Loan of a
different Type) and each Interest Period occurring thereafter in
respect of such Eurodollar Loan shall commence on the day on which the
immediately preceding Interest Period applicable thereto expires;
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(iii) if any Interest Period relating to a Eurodollar Loan
begins on a day for which there is no numerically corresponding day in
the calendar month at the end of such Interest Period, such Interest
Period shall end on the last Business Day of such calendar month;
(iv) if any Interest Period would otherwise expire on a
day which is not a Business Day, such Interest Period shall expire on
the first succeeding Business Day; provided, however, that if any
Interest Period for a Eurodollar Loan would otherwise expire on a day
which is not a Business Day but is a day of the month after which no
further Business Day occurs in such month, such Interest Period shall
expire on the immediately preceding Business Day;
(v) unless otherwise agreed in writing by the Required
Lenders, no Interest Period may be selected at any time when any
Specified Default or any Event of Default is then in existence;
(vi) no Interest Period in respect of any Borrowing of any
Tranche of Loans shall be selected which extends beyond the respective
Maturity Date for such Tranche of Loans;
(vii) no Interest Period in respect of any Borrowing of A
Term Loans shall be selected which extends beyond any date upon which a
mandatory repayment of A Term Loans will be required to be made under
Section 4.02(b) if the aggregate principal amount of A Term Loans which
have Interest Periods which will expire after such date will be in
excess of the aggregate principal amount of A Term Loans then
outstanding less the aggregate amount of such required repayment;
(viii) no Interest Period in respect of any Borrowing of B
Term Loans shall be selected which extends beyond any date upon which a
mandatory repayment of B Term Loans will be required to be made under
Section 4.02(c) if the aggregate principal amount of such B Term Loans
which have Interest Periods which will expire after such date will be
in excess of the aggregate principal amount of such B Term Loans then
outstanding less the aggregate amount of such required repayment;
(ix) the selection of Interest Periods shall be subject to
the provisions of Section 1.02(b);
(x) one week interest periods may only be selected prior
to the occurrence of the Syndication Date and then only if the
Administrative Agent determines that same is available, and
satisfactory, to each Lender of the respective Tranche; and
(xi) Interest Periods of one, two, three and six months
may only be selected after the Syndication Date has occurred.
If upon the expiration of any Interest Period applicable to a
Borrowing of Eurodollar Loans, the Borrower has failed to elect, or is not
permitted to elect, a new Interest Period to be applicable to such Eurodollar
Loans as provided above, the Borrower shall be
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deemed to have elected to convert such Eurodollar Loans into Base Rate Loans
effective as of the expiration date of such current Interest Period.
1.10 Increased Costs, Illegality, etc. (a) In the event
that any Lender shall have determined (which determination shall, absent
manifest error, be final and conclusive and binding upon all parties hereto but,
with respect to clause (i) below, may be made only by the Administrative Agent):
(i) on any Interest Determination Date that, by reason of
any changes arising after the date of this Agreement affecting the
interbank Eurodollar market, adequate and fair means do not exist for
ascertaining the applicable interest rate on the basis provided for in
the definition of Eurodollar Rate; or
(ii) at any time, that such Lender shall incur increased
costs or reductions in the amounts received or receivable hereunder
with respect to any Eurodollar Loan because of (x) any change since the
date of this Agreement in any applicable law or governmental rule,
regulation, order, guideline or request (whether or not having the
force of law) or in the interpretation or administration thereof and
including the introduction of any new law or governmental rule,
regulation, order, guideline or request, such as, for example, but not
limited to: (A) a change in the basis of taxation of payment to any
Lender of the principal of or interest on such Eurodollar Loan or any
other amounts payable hereunder (except for changes in the rate of tax
on, or determined by reference to, the net income or profits of such
Lender, or any franchise tax based on the net income or profits of such
Lender, in either case pursuant to the laws of the United States of
America, the jurisdiction in which it is organized or in which its
principal office or applicable lending office is located or any
subdivision thereof or therein), but without duplication of any amounts
payable in respect of Taxes pursuant to Section 4.04(a), or (B) a
change in official reserve requirements but, in all events, excluding
reserves required under Regulation D and/or (y) other circumstances
since the date of this Agreement affecting such Lender or the interbank
Eurodollar market or the position of such Lender in such market; or
(iii) at any time, that the making or continuance of any
Eurodollar Loan has been made (x) unlawful by any law or governmental
rule, regulation or order, and/or (y) impossible by compliance by any
Lender in good faith with any governmental request (whether or not
having force of law) or (z) impracticable as a result of a contingency
occurring after the date of this Agreement which materially and
adversely affects the interbank Eurodollar market;
then, and in any such event, such Lender (or the Administrative Agent, in the
case of clause (i) above) shall promptly give notice (by telephone confirmed in
writing) to the Borrower and, except in the case of clause (i) above, to the
Administrative Agent of such determination (which notice the Administrative
Agent shall promptly transmit to each of the other Lenders). Thereafter (x) in
the case of clause (i) above, Eurodollar Loans shall no longer be available
until such time as the Administrative Agent notifies the Borrower and the
Lenders that the circumstances giving rise to such notice by the Administrative
Agent no longer exist, and any Notice of Borrowing or Notice of
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Conversion/Continuation given by the Borrower with respect to Eurodollar Loans
which have not yet been incurred (including by way of conversion) shall be
deemed rescinded by the Borrower, (y) in the case of clause (ii) above, the
Borrower agrees, subject to the provisions of Section 13.15 (to the extent
applicable), to pay to such Lender, upon written demand therefor, such
additional amounts (in the form of an increased rate of, or a different method
of calculating, interest or otherwise as such Lender in its reasonable
discretion shall determine) as shall be required to compensate such Lender for
such increased costs or reductions in amounts received or receivable hereunder
(a written notice as to the additional amounts owed to such Lender, showing in
reasonable detail the basis for and the calculation thereof, submitted to the
Borrower by such Lender in good faith shall, absent manifest error, be final and
conclusive and binding on all the parties hereto) and (z) in the case of clause
(iii) above, the Borrower shall take one of the actions specified in Section
1.10(b) as promptly as possible and, in any event, within the time period
required by law. Each of the Administrative Agent and each Lender agrees that if
it gives notice to the Borrower of any of the events described in clause (i) or
(iii) above, it shall promptly notify the Borrower and, in the case of any such
Lender, the Administrative Agent, if such event ceases to exist. If any such
event described in clause (iii) above ceases to exist as to a Lender, the
obligations of such Lender to make Eurodollar Loans and to convert Base Rate
Loans into Eurodollar Loans on the terms and conditions contained herein shall
be reinstated.
(b) At any time that any Eurodollar Loan is affected by
the circumstances described in Section 1.10(a)(ii) or (iii), the Borrower may
(and, in the case of a Eurodollar Loan affected by the circumstances described
in Section 1.10(a)(iii), shall) either (x) if the affected Eurodollar Loan is
then being made initially or pursuant to a conversion, cancel the respective
Borrowing by giving the Administrative Agent telephonic notice (confirmed in
writing) on the same date that the Borrower was notified by the affected Lender
or the Administrative Agent pursuant to Section 1.10(a)(ii) or (iii) or (y) if
the affected Eurodollar Loan is then outstanding, upon at least one Business
Day's written notice to the Administrative Agent, require the affected Lender to
convert such Eurodollar Loan into a Base Rate Loan at the end of the then
current Interest Period or at such earlier date as may be required to eliminate
such circumstance or to comply with applicable law, provided that, if more than
one Lender is affected at any time, then all affected Lenders must be treated
the same pursuant to this Section 1.10(b).
(c) If at any time after the date of this Agreement any
Lender determines that the introduction of or any change in any applicable law
or governmental rule, regulation, order, guideline, directive or request
(whether or not having the force of law) concerning capital adequacy, or any
change in interpretation or administration thereof by any governmental
authority, central bank or comparable agency, in each case introduced or changed
after the date hereof, will have the effect of increasing the amount of capital
required or requested to be maintained by such Lender or any corporation
controlling such Lender based on the existence of such Lender's Commitments
hereunder or its obligations hereunder, then the Borrower agrees, subject to the
provisions of Section 13.15 (to the extent applicable), to pay to such Lender,
upon its written demand therefor, such additional amounts as shall be required
to compensate such Lender or such other corporation for the increased cost to
such Lender or such other corporation or the reduction in the rate of return to
such Lender or such other corporation as a result of such increase of capital.
In determining such additional amounts, each Lender will act reasonably and
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in good faith and will use averaging and attribution methods which are
reasonable, provided that such Lender's determination of compensation owing
under this Section 1.10(c) shall, absent manifest error, be final and conclusive
and binding on all the parties hereto. Each Lender, upon determining that any
additional amounts will be payable pursuant to this Section 1.10(c), will give
prompt written notice thereof to the Borrower, which notice shall show in
reasonable detail the basis for and calculation of such additional amounts.
1.11 Compensation. The Borrower agrees, subject to the
provisions of Section 13.15 (to the extent applicable), to compensate each
Lender, upon its written request (which request shall set forth in reasonable
detail the basis for requesting and the calculation of such compensation), for
all reasonable losses, expenses and liabilities (including, without limitation,
any loss, expense or liability incurred by reason of the liquidation or
reemployment of deposits or other funds required by such Lender to fund its
Eurodollar Loans but excluding any loss of anticipated profit) which such Lender
may sustain: (i) if for any reason (other than a default by such Lender or the
Administrative Agent) a Borrowing of, or conversion from or into, Eurodollar
Loans does not occur on a date specified therefor in a Notice of Borrowing or
Notice of Conversion/Continuation (whether or not withdrawn by the Borrower or
deemed withdrawn pursuant to Section 1.10(a)); (ii) if any repayment (including
any repayment made pursuant to Section 1.13, 4.01, 4.02, 13.12(b) or a result of
an acceleration of the Loans pursuant to Section 10) or conversion of any of its
Eurodollar Loans occurs on a date which is not the last day of an Interest
Period with respect thereto; (iii) if any prepayment of any of its Eurodollar
Loans is not made on any date specified in a notice of prepayment given by the
Borrower; or (iv) as a consequence of (x) any other default by the Borrower to
repay Loans when required by the terms of this Agreement or any Note held by
such Lender or (y) any election made pursuant to Section 1.10(b).
1.12 Change of Lending Office. Each Lender agrees that on
the occurrence of any event giving rise to the operation of Section 1.10(a)(ii)
or (iii), Section 1.10(c), Section 2.05 or Section 4.04 with respect to such
Lender, it will, if requested by the Borrower, use reasonable efforts (subject
to overall policy considerations of such Lender) to designate another lending
office for any Loans or Letters of Credit affected by such event, provided that
such designation is made on such terms that such Lender and its lending office
suffer no economic, legal or regulatory disadvantage, with the object of
avoiding the consequence of the event giving rise to the operation of such
Section. Nothing in this Section 1.12 shall affect or postpone any of the
obligations of the Borrower or the right of any Lender provided in Sections
1.10, 2.05 and 4.04.
1.13 Replacement of Lenders. (x) If any Lender becomes a
Defaulting Lender or otherwise defaults in its obligations to make Loans or fund
Unpaid Drawings, (y) upon the occurrence of any event giving rise to the
operation of Section 1.10(a)(ii) or (iii), Section 1.10(c), Section 2.05 or
Section 4.04 with respect to any Lender which results in such Lender charging to
the Borrower increased costs in excess of those being generally charged by the
other Lenders, or (z) as provided in Section 13.12(b) in the case of certain
refusals by a Lender to consent to certain proposed changes, waivers, discharges
or terminations with respect to this Agreement which have been approved by the
Required Lenders, the Borrower shall have the right, if no Default or Event of
Default will exist immediately after giving effect to the respective
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replacement, to either replace such Lender (the "Replaced Lender") with one or
more other Eligible Transferee or Transferees, none of whom shall constitute a
Defaulting Lender at the time of such replacement (collectively, the
"Replacement Lender") reasonably acceptable to the Administrative Agent or, at
the option of the Borrower, to replace only (a) the Revolving Loan Commitment
(and outstandings pursuant thereto) of the Replaced Lender with an identical
Revolving Loan Commitment provided by the Replacement Lender or (b) in the case
of a replacement as provided in Section 13.12(b) where the consent of the
respective Lender is required with respect to less than all Tranches of its
Loans or Commitments, the Commitments and/or outstanding Term Loans of such
Lender in respect of each Tranche where the consent of such Lender would
otherwise be individually required, with identical Commitments and/or Loans of
the respective Tranche provided by the Replacement Lender, provided that:
(i) at the time of any replacement pursuant to this
Section 1.13, the Replacement Lender shall enter into one or more
Assignment and Assumption Agreements pursuant to Section 13.04(b) (and
with all fees payable pursuant to said Section 13.04(b) to be paid by
the Replacement Lender) pursuant to which the Replacement Lender shall
acquire all of the Commitments and outstanding Loans (or, in the case
of the replacement of only (a) the Revolving Loan Commitment, the
Revolving Loan Commitment and outstanding Revolving Loans, (b) the
outstanding A Term Loans, the A Term Loans or (c) the outstanding B
Term Loans, the outstanding B Term Loans) of, and in each case (except
for the replacement of only outstanding Term Loans) participations in
Letters of Credit by, the Replaced Lender and, in connection therewith,
shall pay to (x) the Replaced Lender in respect thereof an amount equal
to the sum (without duplication) of (A) an amount equal to the
principal of, and all accrued interest on, all outstanding Loans (or,
in the case of the replacement of only (I) the Revolving Loan
Commitment, the outstanding Revolving Loans, (II) the A Term Loans, the
outstanding A Term Loans or (III) the B Term Loans, the outstanding B
Term Loans) of the Replaced Lender, (B) except in the case of the
replacement of only outstanding Term Loans of a Replaced Lender, an
amount equal to all Unpaid Drawings that have been funded by (and not
reimbursed to) such Replaced Lender, together with all then unpaid
interest with respect thereto at such time and (C) an amount equal to
all accrued, but unpaid, Fees owing to the Replaced Lender (but only
with respect to the relevant Tranche, in the case of the replacement of
less than all Tranches of Loans then held by the respective Replaced
Lender) pursuant to Section 3.01 and (y) except in the case of the
replacement of only outstanding Term Loans of a Replaced Lender, the
respective Issuing Lender an amount equal to such Replaced Lender's
Revolving Percentage of any Unpaid Drawing (which at such time remains
an Unpaid Drawing) to the extent such amount was not theretofore funded
by such Replaced Lender, and
(ii) all obligations of the Borrower owing to the Replaced
Lender (other than those (a) specifically described in clause (i) above
in respect of which the assignment purchase price has been, or is
concurrently being, paid or (b) relating to any Tranche of Loans and/or
Commitments of the respective Replaced Lender which will remain
outstanding after giving effect to the respective replacement) shall be
paid in full to such Replaced Lender concurrently with such
replacement.
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Upon the execution of the respective Assignment and Assumption Agreements, the
payment of amounts referred to in clauses (i) and (ii) above and, if so
requested by the Replacement Lender, delivery to the Replacement Lender of the
appropriate Note or Notes executed by the Borrower, the Replacement Lender shall
become a Lender hereunder and, unless the respective Replaced Lender continues
to have outstanding Term Loans or a Revolving Loan Commitment hereunder, the
Replaced Lender shall cease to constitute a Lender hereunder, except with
respect to indemnification provisions under this Agreement (including, without
limitation, Sections 1.10, 1.11, 2.05, 4.04, 13.01 and 13.06), which shall
survive as to such Replaced Lender.
SECTION 2. Letters of Credit.
2.01 Letters of Credit. (a) Subject to and upon the terms
and conditions herein set forth, the Borrower may request that any Issuing
Lender issue, at any time and from time to time on and after the Initial
Borrowing Date and prior to the date which is 30 days prior to the Revolving
Loan Maturity Date, (x) for the account of the Borrower and for the benefit of
any holder (or any trustee, agent or other similar representative for any such
holders) of L/C Supportable Indebtedness, an irrevocable sight standby letter of
credit, in a form customarily used by such Issuing Lender or in such other form
as has been approved by such Issuing Lender (each such standby letter of credit,
a "Standby Letter of Credit") in support of such L/C Supportable Indebtedness
and (y) for the account of the Borrower and for the benefit of sellers of goods
to the Borrower or any of its Subsidiaries in the ordinary course of business,
irrevocable sight trade letters of credit in a form customarily used by such
Issuing Lender or in such other form as has been approved by such Issuing Lender
(each such trade letter of credit, a "Trade Letter of Credit," and each Standby
Letter of Credit and each Trade Letter of Credit being a "Letter of Credit" and,
collectively, the "Letters of Credit").
(b) Subject to the terms and conditions contained herein,
the Administrative Agent hereby agrees that it will (and at the Borrower's
request each other Issuing Lender may, at its option, agree that it will), at
any time and from time to time on or after the Initial Borrowing Date and prior
to the date which is 30 days prior to the Revolving Loan Maturity Date,
following its receipt of the respective Letter of Credit Request, issue (or
cause its respective Affiliate designated by it from time to time to act as
Issuing Lender for the account of the Borrower one or more Letters of Credit in
support of the respective obligations as described in Section 2.01(a)(x) or
2.01(a)(y), as the case may be, as are permitted to remain outstanding without
giving rise to a Default or Event of Default hereunder, provided that the
respective Issuing Lender shall be under no obligation to issue any Letter of
Credit of the types described above if at the time of such issuance:
(i) any order, judgment or decree of any governmental
authority or arbitrator shall purport by its terms to enjoin or
restrain such Issuing Lender from issuing such Letter of Credit or any
requirement of law applicable to such Issuing Lender or any request or
directive (whether or not having the force of law) from any
governmental authority with jurisdiction over such Issuing Lender shall
prohibit, or request that such Issuing Lender refrain from, the
issuance of letters of credit generally or such Letter of Credit in
particular or shall impose upon such Issuing Lender with respect to
such Letter
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of Credit any restriction or reserve or capital requirement (for which
such Issuing Lender is not otherwise compensated) not in effect on the
date hereof, or any unreimbursed loss, cost or expense which was not
applicable or in effect as of the date hereof and which such Issuing
Lender in good xxxxx xxxxx material to it; or
(ii) such Issuing Lender shall have received notice from
any Lender prior to the issuance of such Letter of Credit of the type
described in the second sentence of Section 2.02(b); or
(iii) a Lender Default exists, unless the respective Letter
of Credit Issuer has entered into arrangements satisfactory to it and
the Borrower to eliminate the Letter of Credit Issuer's risk with
respect to the participation in Letters of Credit of any Defaulting
Lender(s), including by cash collateralizing any such Defaulting
Lender's (or Defaulting Lenders') Revolving Percentage (or Revolving
Percentages) of the Letter of Credit Outstandings.
(c) Notwithstanding the foregoing, (i) no Letter of
Credit shall be issued the Stated Amount of which, when added to the Letter of
Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date
of, and prior to the issuance of, the respective Letter of Credit) at such time
would exceed either (x) $40,000,000 or (y) when added to the aggregate principal
amount of all Revolving Loans then outstanding and the aggregate principal
amount of all Swingline Loans then outstanding, an amount equal to the Total
Revolving Loan Commitment at such time, (ii) each Letter of Credit shall be
denominated in Dollars, (iii) (x) each Standby Letter of Credit shall by its
terms terminate on or before the earlier of (A) the date which occurs 12 months
after the date of the issuance thereof (although any such Letter of Credit may
be automatically extendible for successive periods of up to 12 months, but not
beyond the tenth Business Day prior to the Revolving Loan Maturity Date, on
terms acceptable to the Issuing Lender thereof) and (B) the tenth Business Day
prior to the Revolving Loan Maturity Date and (y) each Trade Letter of Credit
shall by its terms terminate on or before the earlier of (A) the date which
occurs 180 days after such Trade Letter of Credit's date of issuance and (B) the
thirtieth day preceding the Revolving Loan Maturity Date and (iv) the Stated
Amount of each Letter of Credit upon issuance shall be not less than $50,000 or
such lesser amount as is acceptable to the respective Issuing Lender.
2.02 Letter of Credit Requests. (a) Whenever the Borrower
desires that a Letter of Credit be issued for its account, the Borrower shall
give the Administrative Agent and the respective Issuing Lender at least five
Business Days' (or such shorter period as is acceptable to the respective
Issuing Lender) written notice thereof. Each notice shall be in the form of
Exhibit C (each a "Letter of Credit Request").
(b) The making of each Letter of Credit Request shall be
deemed to be a representation and warranty by the Borrower that such Letter of
Credit may be issued in accordance with, and will not violate the requirements
of, Section 2.01(c). Unless the respective Issuing Lender has received notice
from any Lender before it issues a Letter of Credit that one or more of the
conditions specified in Section 5 or Section 6, as applicable, are not then
satisfied, or that the
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issuance of such Letter of Credit would violate Section 2.01(c), then such
Issuing Lender shall issue the requested Letter of Credit for the account of the
Borrower in accordance with such Issuing Lender's usual and customary practices.
Upon the issuance of, or amendment to, any Standby Letter of Credit, the Issuing
Lender shall promptly notify the Administrative Agent in writing of such
issuance or amendment and such notice shall be accompanied by a copy of such
issuance or amendment. Upon receipt of such notice, the Administrative Agent
shall notify each Lender, in writing, of such issuance or amendment and if
requested to by any Lender, the Administrative Agent shall provide to such
Lender copies of any such issuance or amendment. With regards to Trade Letters
of Credit, the Issuing Lender shall, on the first Business Day of each week,
provide to the Administrative Agent, by facsimile, a written report of the
aggregate daily outstanding Trade Letters of Credit for the previous week.
2.03 Letter of Credit Participations. (a)(i) Immediately
upon the issuance by any Issuing Lender of any Letter of Credit, such Issuing
Lender shall be deemed to have sold and transferred to each Revolving Lender,
and each such Revolving Lender shall be deemed irrevocably and unconditionally
to have purchased and received from such Issuing Lender, without recourse or
warranty, an undivided interest and participation, in a percentage equal to such
Revolving Lender's Revolving Percentage, in such Letter of Credit, each drawing
made thereunder and the obligations of the Borrower under this Agreement with
respect thereto, and any security therefor or guaranty pertaining thereto.
(ii) Upon any change in the Revolving Loan Commitments or
Revolving Percentages of the Revolving Lenders pursuant to Section 1.13 or
13.04, it is hereby agreed that, with respect to all outstanding Letters of
Credit and Unpaid Drawings relating thereto, there shall be an automatic
adjustment to the participations therein pursuant to this Section 2.03 to
reflect the new Revolving Percentages of the assignor and assignee Revolving
Lender or of all Lenders with Revolving Loan Commitments, as the case may be.
(b) In determining whether to pay under any Letter of
Credit, the respective Issuing Lender shall have no obligation relative to the
other Lenders other than to confirm that any documents required to be delivered
under such Letter of Credit appear to have been delivered and that they appear
to substantially comply on their face with the requirements of such Letter of
Credit. Subject to the provisions of the immediately preceding sentence, any
action taken or omitted to be taken by any Issuing Lender under or in connection
with any Letter of Credit if taken or omitted in the absence of gross negligence
or willful misconduct, as determined by a court of competent jurisdiction in a
final and non-appealable decision, shall not create for such Issuing Lender any
resulting liability to any Credit Party or any Lender.
(c) In the event that any Issuing Lender makes any
payment under any Letter of Credit and the Borrower shall not have reimbursed
such amount in full to such Issuing Lender pursuant to Section 2.04(a), such
Issuing Lender shall promptly notify the Administrative Agent, which shall
promptly notify each Revolving Lender, of such failure, and each Revolving
Lender shall promptly and unconditionally pay to such Issuing Lender the amount
of such Revolving Lender's Revolving Percentage of such unreimbursed payment in
Dollars and in same day funds. If the Administrative Agent so notifies, prior to
11:00 A.M. (New York time) on any Business
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Day, any Revolving Lender required to fund a payment under a Letter of Credit,
such Revolving Lender shall make available to such Issuing Lender in Dollars
such Revolving Lender's Revolving Percentage of the amount of such payment on
such Business Day in same day funds. If and to the extent such Revolving Lender
shall not have so made its Revolving Percentage of the amount of such payment
available to such Issuing Lender, such Revolving Lender agrees to pay to such
Issuing Lender, forthwith on demand such amount, together with interest thereon,
for each day from such date until the date such amount is paid to such Issuing
Lender at the overnight Federal Funds Rate. The failure of any Revolving Lender
to make available to such Issuing Lender its Revolving Percentage of any payment
under any Letter of Credit shall not relieve any other Revolving Lender of its
obligation hereunder to make available to such Issuing Lender its Revolving
Percentage of any payment under any Letter of Credit on the date required, as
specified above, but no Revolving Lender shall be responsible for the failure of
any other Revolving Lender to make available to such Issuing Lender such other
Revolving Lender's Revolving Percentage of any such payment.
(d) Whenever any Issuing Lender receives a payment of a
reimbursement obligation as to which it has received any payments from the
Participants pursuant to clause (c) above, such Issuing Lender shall forward
such payment to the Administrative Agent, which in turn shall distribute to each
Revolving Lender which has paid its Revolving Percentage thereof, in Dollars and
in same day funds, an amount equal to such Revolving Lender's share (based upon
the proportionate aggregate amount originally funded by such Revolving Lender to
the aggregate amount funded by all Revolving Lenders in the respective Letter of
Credit) of the principal amount of such reimbursement obligation and interest
thereon accruing after the purchase of the respective participations.
(e) The obligations of the respective Revolving Lenders
to make payments to each Issuing Lender with respect to Letters of Credit issued
by it shall be irrevocable and not subject to any qualification or exception
whatsoever and shall be made in accordance with the terms and conditions of this
Agreement under all circumstances, including, without limitation, any of the
following circumstances:
(i) any lack of validity or enforceability of this
Agreement or any of the other Credit Documents;
(ii) the existence of any claim, setoff, defense or other
right which the Borrower or any of its Subsidiaries may have at any
time against a beneficiary named in a Letter of Credit, any transferee
of any Letter of Credit (or any Person for whom any such transferee may
be acting), the Administrative Agent, any Issuing Lender, any
Participant, or any other Person, whether in connection with this
Agreement, any Letter of Credit, the transactions contemplated herein
or any unrelated transactions (including any underlying transaction
between the Borrower and the beneficiary named in any such Letter of
Credit);
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(iii) any draft, certificate or any other document
presented under any Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being
untrue or inaccurate in any respect;
(iv) the surrender or impairment of any security for the
performance or observance of any of the terms of any of the Credit
Documents; or
(v) the occurrence of any Default or Event of Default.
2.04 Agreement to Repay Letter of Credit Drawings. (a) The
Borrower hereby agrees to reimburse the respective Issuing Lender, by making
payment to the Administrative Agent in immediately available funds at the
Payment Office, for any payment or disbursement made by it under any Letter of
Credit issued hereunder (each such amount, so paid until reimbursed, an "Unpaid
Drawing"), immediately after, and in any event on the date of such payment or
disbursement, with interest on the amount so paid or disbursed by such Issuing
Lender, to the extent not reimbursed prior to 12:00 Noon (New York time) on the
date of such payment or disbursement, from and including the date paid or
disbursed to but excluding the date such Issuing Lender was reimbursed by the
Borrower therefor at a rate per annum which shall be the Base Rate in effect
from time to time plus the Applicable Margin for Revolving Loans maintained as
Base Rate Loans; provided, however, to the extent such amounts are not
reimbursed prior to 12:00 Noon (New York time) on the third Business Day
following receipt of notice of such payment or disbursement, interest shall
thereafter accrue on the amounts so paid or disbursed by such Issuing Lender
(and until reimbursed by the Borrower) at a rate per annum which shall be the
Base Rate in effect from time to time plus the Applicable Margin for Loans
maintained as Base Rate Loans plus 2%, with such interest, in each case, to be
payable on demand. The respective Issuing Lender shall give the Borrower prompt
notice of each Drawing under any Letter of Credit, provided that the failure to
give any such notice shall in no way affect, impair or diminish the Borrower's
obligations hereunder.
(b) The obligations of the Borrower under this Section
2.04 to reimburse the respective Issuing Lender with respect to drawings on
Letters of Credit (each, a "Drawing") (including, in each case, interest
thereon) shall be absolute and unconditional under any and all circumstances and
irrespective of any setoff, counterclaim or defense to payment which the
Borrower may have or has had against any Lender (including in its capacity as
issuer of the Letter of Credit or as Participant), or any non-application or
misapplication by the beneficiary of the proceeds of such Drawing, the
respective Issuing Lender's only obligation to the Borrower being to confirm
that any documents required to be delivered under such Letter of Credit appear
to have been delivered and that they appear to comply on their face with the
requirements of such Letter of Credit. Subject to the provisions of the
immediately preceding sentence, any action taken or omitted to be taken by any
Issuing Lender under or in connection with any Letter of Credit if taken or
omitted in the absence of gross negligence or willful misconduct (as determined
by a court of competent jurisdiction in a final and non-appealable decision),
shall not create for such Issuing Lender any resulting liability to the Borrower
or any other Credit Party.
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2.05 Increased Costs. If at any time after the date of
this Agreement, the introduction of or any change in any applicable law, rule,
regulation, order, guideline or request or in the interpretation or
administration thereof by any governmental authority charged with the
interpretation or administration thereof, or compliance by any Issuing Lender or
any Revolving Lender with any request or directive by any such authority
(whether or not having the force of law), shall either (i) impose, modify or
make applicable any reserve, deposit, capital adequacy or similar requirement
against letters of credit issued by any Issuing Lender or participated in by any
Revolving Lender, or (ii) impose on any Issuing Lender or any Revolving Lender
any other conditions relating, directly or indirectly, to this Agreement or any
Letter of Credit; and the result of any of the foregoing is to increase the cost
to any Issuing Lender or any Revolving Lender of issuing, maintaining or
participating in any Letter of Credit, or reduce the amount of any sum received
or receivable by any Issuing Lender or any Revolving Lender hereunder or reduce
the rate of return on its capital with respect to Letters of Credit (except for
changes in the rate of tax on, or determined by reference to, the net income or
profits of such Issuing Lender or such Revolving Lender, or any franchise tax
based on the net income or profits of such Issuing Lender or Revolving Lender,
in either case pursuant to the laws of the United States of America, the
jurisdiction in which it is organized or in which its principal office or
applicable lending office is located or any subdivision thereof or therein), but
without duplication of any amounts payable in respect of Taxes pursuant to
Section 4.04(a), then, upon demand to the Borrower by such Issuing Lender or any
Revolving Lender (a copy of which demand shall be sent by such Issuing Lender or
such Revolving Lender to the Administrative Agent) and subject to the provisions
of Section 13.15 (to the extent applicable), the Borrower agrees to pay to such
Issuing Lender or such Revolving Lender such additional amount or amounts as
will compensate such Lender for such increased cost or reduction in the amount
receivable or reduction on the rate of return on its capital. Any Issuing Lender
or any Revolving Lender, upon determining that any additional amounts will be
payable pursuant to this Section 2.05, will give prompt written notice thereof
to the Borrower, which notice shall include a certificate submitted to the
Borrower by such Issuing Lender or such Revolving Lender (a copy of which
certificate shall be sent by such Issuing Lender or such Revolving Lender to the
Administrative Agent), setting forth in reasonable detail the basis for and the
calculation of such additional amount or amounts necessary to compensate such
Issuing Lender or such Revolving Lender. The certificate required to be
delivered pursuant to this Section 2.05 shall, if delivered in good faith and
absent manifest error, be final and conclusive and binding on the Borrower.
SECTION 3. Commitment Commission; Fees; Reductions of
Commitment.
3.01 Fees. (a) The Borrower agrees to pay the
Administrative Agent for distribution to each Non-Defaulting Lender with a
Revolving Loan Commitment a commitment commission (the "Commitment Commission")
for the period from the Effective Date to and including the Revolving Loan
Maturity Date (or such earlier date as the Total Revolving Loan Commitment shall
have been terminated), in each case computed at a rate for each day equal to the
relevant Applicable Margin per annum on the daily average Unutilized Revolving
Loan Commitment of such Non-Defaulting Lender. Accrued Commitment Commission
shall be due and payable quarterly in arrears on each Quarterly Payment Date and
on the Revolving Loan
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Maturity Date or such earlier date upon which the Total Revolving Loan
Commitment is terminated.
(b) The Borrower agrees to pay to the Administrative
Agent for distribution to the Revolving Lenders (based on their respective
Revolving Percentages) a fee in respect of each Letter of Credit issued
hereunder (the "Letter of Credit Fee"), for the period from and including the
date of issuance of such Letter of Credit to and including the termination of
such Letter of Credit, computed at a rate per annum equal to the Applicable
Margin then in effect for Revolving Loans maintained as Eurodollar Loans on the
daily Stated Amount of such Letter of Credit. Accrued Letter of Credit Fees
shall be due and payable quarterly in arrears on each Quarterly Payment Date and
upon the first day on or after the termination of the Total Revolving Loan
Commitment upon which no Letters of Credit remain outstanding.
(c) The Borrower agrees to pay to the respective Issuing
Lender, for its own account, a facing fee in respect of each Letter of Credit
issued hereunder (the "Facing Fee") in the case of each Letter of Credit, for
the period from and including the date of issuance of such Letter of Credit to
and including the termination of such Letter of Credit, computed at a rate equal
to 1/8 of 1% per annum of the daily Stated Amount of such Letter of Credit;
provided that, in no event shall the annual (or such shorter period as any
Letter of Credit is outstanding) Facing Fee with respect to any Letter of Credit
be less than $500. Accrued Facing Fees shall be due and payable quarterly in
arrears on each Quarterly Payment Date and on the date upon which the Total
Revolving Loan Commitment has been terminated and such Letter of Credit has been
terminated in accordance with its terms.
(d) The Borrower agrees to pay, upon each payment under,
issuance of, or amendment to, any Letter of Credit issued hereunder, such amount
as shall at the time of such event be the administrative charge which the
respective Issuing Lender is generally charging in connection with such
occurrence with respect to letters of credit.
(e) The Borrower shall pay to the Administrative Agent,
for the Administrative Agent's own account, such other fees as have been agreed
to in writing by the Borrower and the Administrative Agent.
3.02 Voluntary Termination of Unutilized Commitments. (a)
Upon at least three Business Day's prior notice to the Administrative Agent at
its Notice Office (which notice the Administrative Agent shall promptly transmit
to each of the Lenders), the Borrower shall have the right, at any time or from
time to time, without premium or penalty, to terminate the Total Unutilized
Revolving Loan Commitment, in whole or in part, in integral multiples of
$1,000,000 in the case of partial reductions thereto, provided that each such
reduction shall apply proportionately to permanently reduce the Revolving Loan
Commitment of each Lender with a Revolving Loan Commitment.
(b) In the event of certain refusals by a Lender as
provided in Section 13.12(b) to consent to certain proposed changes, waivers,
discharges or terminations with respect to this Agreement which have been
approved by the Required Lenders, the Borrower may, subject to the requirements
of said Section 13.12(b) and upon five Business Days' written notice to the
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Administrative Agent at its Notice Office (which notice the Administrative Agent
shall promptly transmit to each of the Lenders), terminate all of the Revolving
Loan Commitment of such Lender so long as all Loans, together with accrued and
unpaid interest, fees and all other amounts, owing to such Lender (other than
amounts owing in respect of outstanding Term Loans maintained by such Lender, if
such Term Loans are not being repaid pursuant to Section 13.12(b)) are repaid
concurrently with the effectiveness of such termination (at which time Schedule
I shall be deemed modified to reflect such changed amounts), and at such time,
unless the respective Lender continues to have outstanding Term Loans hereunder,
such Lender shall no longer constitute a "Lender" for purposes of this
Agreement, except with respect to indemnification provisions under this
Agreement (including, without limitation, Sections 1.10, 1.11, 2.05, 4.04, 13.01
and 13.06), which shall survive as to such repaid Lender.
3.03 Mandatory Reduction of Commitments. (a) The Total
Commitments (and the A Term Loan Commitment, the B Term Loan Commitment and the
Revolving Loan Commitment of each Lender) shall terminate in their entirety on
April 15, 2001 unless the Initial Borrowing Date shall have occurred on or prior
to such date.
(b) In addition to any other mandatory commitment
reductions pursuant to this Section 3.03, the Total A Term Loan Commitment (and
the A Term Loan Commitment of each Lender) shall terminate in its entirety on
the Initial Borrowing Date (after giving effect to the making of any A Term
Loans on such date).
(c) In addition to any other mandatory commitment
reductions pursuant to this Section 3.03, the Total B Term Loan Commitment (and
the B Term Loan Commitment of each Lender) shall terminate in its entirety on
the Initial Borrowing Date (after giving effect to the making of any B Term
Loans on such date).
(d) In addition to any other mandatory commitment
reductions pursuant to this Section 3.03, the Total Revolving Loan Commitment
(and the Revolving Loan Commitment of each Lender) shall terminate in its
entirety on the Revolving Loan Maturity Date.
(e) Each reduction to the Total A Term Loan Commitment,
Total B Term Loan Commitment and the Total Revolving Loan Commitment pursuant to
this Section 3.03 shall be applied proportionately to reduce the A Term Loan
Commitment, B Term Loan Commitment or the Revolving Loan Commitment, as the case
may be, of each Lender with such a Commitment.
(f) In addition to any other mandatory commitment
reductions pursuant to this Section 3.03, on each date after the Initial
Borrowing Date upon which a mandatory repayment pursuant to any of Sections
4.02(d) through (g), inclusive, is required (and exceeds in amount the aggregate
principal amount of Term Loans then outstanding) or would be required if Term
Loans were then outstanding, the Total Revolving Loan Commitment shall be
permanently reduced by the amount, if any, by which the amount required to be
applied pursuant to said Sections exceeds the aggregate principal amount of Term
Loans then outstanding. Each reduction to the Total Revolving Loan Commitment
pursuant to this Section 3.03(f) shall be applied to proportionately reduce the
Revolving Loan Commitment of each Lender with a Revolving Loan Commitment.
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SECTION 4. Prepayments; Payments; Taxes.
4.01 Voluntary Prepayments. The Borrower shall have the
right to prepay the Loans, without premium or penalty, in whole or in part at
any time and from time to time on the following terms and conditions: (i) the
Borrower shall give the Administrative Agent prior to 12:00 Noon (New York time)
at its Notice Office (x) at least one Business Day's prior written notice (or
telephonic notice promptly confirmed in writing) of its intent to prepay Base
Rate Loans and (y) at least three Business Days' prior written notice (or
telephonic notice promptly confirmed in writing) of its intent to prepay
Eurodollar Loans, whether Term Loans, Revolving Loans or Swingline Loans shall
be prepaid, the amount of such prepayment and the Types of Loans to be prepaid
and, in the case of Eurodollar Loans, the specific Borrowing or Borrowings
pursuant to which made, which notice the Administrative Agent shall promptly
transmit to each of the Lenders; (ii) each prepayment shall be in an aggregate
principal amount of at least $1,000,000 (or $100,000 in the case of Swingline
Loans) or such lesser amount of a Borrowing which is outstanding, provided that
if any partial prepayment of Eurodollar Loans made pursuant to any Borrowing
shall reduce the outstanding Eurodollar Loans made pursuant to such Borrowing to
an amount less than $5,000,000 (or $1,000,000 in the case of Revolving Loans)
then such Borrowing may not be continued as a Borrowing of Eurodollar Loans and
any election of an Interest Period with respect thereto given by the Borrower
shall have no force or effect; (iii) at the time of any prepayment of Eurodollar
Loans pursuant to this Section 4.01 on any date other than the last day of the
Interest Period applicable thereto, the Borrower shall pay the amounts required
pursuant to Section 1.11; (iv) in the event of certain refusals by a Lender as
provided in Section 13.12(b) to consent to certain proposed changes, waivers,
discharges or terminations with respect to this Agreement which have been
approved by the Required Lenders, the Borrower may, upon five Business Days'
written notice to the Administrative Agent at its Notice Office (which notice
the Administrative Agent shall promptly transmit to each of the Lenders) repay
all Loans, together with accrued and unpaid interest, Fees, and other amounts
owing to such Lender (or owing to such Lender with respect to each Tranche which
gave rise to the need to obtain such Lender's individual consent) in accordance
with said Section 13.12(b) so long as (A) in the case of the repayment of
Revolving Loans of any Lender pursuant to this clause (iv) the Revolving Loan
Commitment of such Lender is terminated concurrently with such repayment (at
which time Schedule I shall be deemed modified to reflect the changed Revolving
Loan Commitments), and (B) the consents required by Section 13.12(b) in
connection with the repayment pursuant to this clause (iv) have been obtained
and all other requirements of Section 13.12(b) are satisfied; (v) subject to the
provisions of Section 4.02(k), each voluntary prepayment of Term Loans pursuant
to this Section 4.01 shall be applied to the A Term Loans and the B Term Loans
on a pro rata basis (based upon the then outstanding principal amount of A Term
Loans and B Term Loans); and (vi) except as expressly provided in the preceding
clause (iv), each prepayment in respect of any Loans made pursuant to a
Borrowing shall be applied pro rata among the Loans comprising such Borrowing;
provided that at the Borrower's election in connection with any prepayment of
Revolving Loans pursuant to this Section 4.01, such prepayment shall not be
applied to any Revolving Loan of a Defaulting Lender. Each prepayment of
principal of any Tranche of Term Loans made pursuant to this Section 4.01 shall
be applied to reduce the then remaining Scheduled Repayments of such Tranche of
Term Loans
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pro rata based upon the then remaining amounts of such Scheduled Repayments
after giving effect to all prior reductions thereto.
4.02 Mandatory Repayments. (a) On any day on which the sum
of the aggregate outstanding principal amount of Revolving Loans, Swingline
Loans and the Letter of Credit Outstandings exceeds the Total Revolving Loan
Commitment as then in effect, the Borrower shall prepay principal of Swingline
Loans and, after the Swingline Loans have been repaid in full, Revolving Loans
in an amount equal to such excess. If, after giving effect to the prepayment of
all outstanding Swingline Loans and Revolving Loans, the aggregate amount of the
Letter of Credit Outstandings exceeds the Total Revolving Loan Commitment as
then in effect, the Borrower shall pay to the Administrative Agent at the
Payment Office on such date an amount of cash or Cash Equivalents equal to the
amount of such excess (up to a maximum amount equal to the Letter of Credit
Outstandings at such time), such cash or Cash Equivalents to be held as security
for all obligations of the Borrower hereunder in a cash collateral account to be
established by the Administrative Agent.
(b) In addition to any other mandatory repayments
pursuant to this Section 4.02, on each date set forth below (each an "A
Scheduled Repayment Date"), the Borrower shall be required to repay that
aggregate principal amount of A Term Loans, to the extent then outstanding, as
is equal to the aggregate principal amount of A Term Loans set forth opposite
such date (each such repayment, as the same may be reduced as provided in
Sections 4.01 and 4.02(h), an "A Scheduled Repayment"):
A Scheduled Repayment Date Amount
-------------------------- ------
September 30, 2001 $5,000,000
December 31, 2001 $5,000,000
March 31, 2002 $5,625,000
June 30, 2002 $5,625,000
September 30, 2002 $5,625,000
December 31, 2002 $5,625,000
March 31, 2003 $7,500,000
June 30, 2003 $7,500,000
September 30, 2003 $7,500,000
December 31, 2003 $7,500,000
March 31, 2004 $7,500,000
June 30, 2004 $7,500,000
September 30, 2004 $7,500,000
December 31, 2004 $7,500,000
A Term Loan Maturity Date $7,500,000
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(c) In addition to any other mandatory repayments
pursuant to this Section 4.02, on each date set forth below (each a "B Scheduled
Repayment Date"), the Borrower shall be required to repay that aggregate
principal amount of B Term Loans, to the extent then outstanding, as is equal to
the aggregate principal amount of B Term Loans set forth opposite such date
(each such repayment, as the same may be reduced as provided in Sections 4.01
and 4.02(h), a "B Scheduled Repayment"):
B Scheduled Repayment Date Amount
-------------------------- ------
September 30, 2001 $ 375,000
December 31, 2001 $ 375,000
March 31, 2002 $ 375,000
June 30, 2002 $ 375,000
September 30, 2002 $ 375,000
December 31, 2002 $ 375,000
March 31, 2003 $ 375,000
June 30, 2003 $ 375,000
September 30, 2003 $ 375,000
December 31, 2003 $ 375,000
March 31, 2004 $ 375,000
June 30, 2004 $ 375,000
September 30, 2004 $ 375,000
December 31, 2004 $ 375,000
March 31, 2005 $13,750,000
June 30, 2005 $13,750,000
September 30, 2005 $13,750,000
December 31, 2005 $13,750,000
March 31, 2006 13,750,000
June 30, 2006 13,750,000
September 30, 2006 13,750,000
December 31, 2006 13,750,000
B Term Loan Maturity Date $34,750,000
(d) In addition to any other mandatory repayments
pursuant to this Section 4.02, on each date after the Effective Date upon which
the Borrower or any of its Subsidiaries receives any proceeds from any
incurrence by the Borrower or any of its Subsidiaries of Indebtedness for
borrowed money (other than Indebtedness for borrowed money permitted to be
incurred pursuant to Section 9.04 as such Section is in effect on the Effective
Date), an amount equal to 100% of the cash proceeds (net of underwriting
discounts and commissions and other costs associated
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therewith including, without limitation, legal fees and expenses) of the
respective incurrence of Indebtedness shall be applied as a mandatory repayment
in accordance with the requirements of Sections 4.02(h) and (i).
(e) In addition to any other mandatory repayments
pursuant to this Section 4.02, on each date after the Effective Date upon which
the Borrower or any of its Subsidiaries receives any Net Asset Sale Proceeds, an
amount equal to 100% of such Net Asset Sale Proceeds shall be applied as a
mandatory repayment in accordance with the requirements of Sections 4.02(h) and
(i); provided that, so long as no Default or Event of Default shall have
occurred and be continuing, Net Asset Sale Proceeds of Asset Sales effected
pursuant to Sections 9.02(i) and 9.02(x) (except, in the case of such Asset
Sales effected during the fiscal year of the Borrower ended closest to December
31, 2001, to the extent the Net Asset Sale Proceeds therefrom exceed $20,000,000
in the aggregate), shall not be required to be so applied to the extent that the
Borrower delivers to the Administrative Agent on or prior to such date an
officers' certificate setting forth (1) that portion of such Net Asset Sale
Proceeds (such portion being the "Proposed Asset Sale Reinvestment Proceeds")
that the Borrower or any of its Subsidiaries intends to reinvest in equipment or
other productive capital assets of the general type used in the business of the
Borrower and its Subsidiaries (such equipment and other assets being "Eligible
Assets") within one year of such date of receipt and (2) the proposed use of
such Proposed Asset Sale Reinvestment Proceeds, and the Borrower shall, or shall
cause one or more of its Subsidiaries to, promptly (and in any event within one
year) apply such Proposed Asset Sale Reinvestment Proceeds to such reinvestment
purposes. To the extent any Proposed Asset Sale Reinvestment Proceeds are not so
reinvested within such one year period, the Borrower shall, not later than one
year after receipt thereof, apply the full amount of all such Proposed Asset
Sale Reinvestment Proceeds that have not been reinvested in Eligible Assets as
mandatory repayments in accordance with the requirements of Sections 4.02(h) and
(i).
(f) In addition to any other mandatory repayments or
commitment reductions pursuant to this Section 4.02, on each date after the
Effective Date on which the Borrower or any of its Subsidiaries receives any Net
Insurance/Condemnation Proceeds, an amount equal to 100% of such Net
Insurance/Condemnation Proceeds shall be applied as a mandatory repayment in
accordance with the requirements of Sections 4.02(h) and (i); provided that, so
long as no Default or Event of Default shall have occurred and be continuing,
Net Insurance/Condemnation Proceeds shall not be required to be so applied to
the extent that (x) the Borrower delivers to the Administrative Agent an
officers' certificate setting forth (1) that portion of such Net Insurance/
Condemnation Proceeds (the "Proposed Insurance Reinvestment Proceeds") that the
Borrower or any of its Subsidiaries intends to use within one year of such date
of receipt to pay or reimburse the costs of repairing, restoring or replacing
the assets in respect of which such Net Insurance/Condemnation Proceeds were
received or to reinvest in Eligible Assets and (2) the proposed use of the
Proposed Insurance Reinvestment Proceeds, (y) the amount of all Proposed
Insurance Reinvestment Proceeds received by the Borrower or any of its
Subsidiaries not theretofore used to repair, restore or replace the assets in
respect of which such Net Insurance/Condemnation Proceeds were received,
reinvested in Eligible Assets or applied to make mandatory repayments in
accordance with the requirements of Sections 4.02(h) and (i) which exceed in the
aggregate $10,000,000, shall have been deposited with the Collateral Agent
pursuant to a cash collateral
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arrangement, for the benefit of the Secured Creditors and reasonably
satisfactory to the Collateral Agent, whereby such proceeds shall be dispersed
to the Borrower or its order from time to time as needed to pay actual costs
incurred by the Borrower and/or its Subsidiaries in connection with the repair,
restoration or replacement of the assets in respect of which such Net Insurance/
Condemnation Proceeds were received or to finance the acquisition of Eligible
Assets; provided that if any Event of Default shall have occurred and be
continuing, such proceeds may be applied by the Collateral Agent in accordance
with the provisions of the Security Documents, and (z) the Borrower shall, or
shall cause one or more of its Subsidiaries to, promptly apply such Proposed
Insurance Reinvestment Proceeds to pay or reimburse the costs of repairing,
restoring or replacing the assets in respect of which such Proposed Insurance
Reinvestment Proceeds were received or to reinvest in Eligible Assets, provided
further, that any such Proposed Insurance Reinvestment Proceeds not so applied
within one year after the date of receipt thereof shall be applied, on the date
which is one year after receipt thereof, to make mandatory repayments in
accordance with the requirements of Sections 4.02(h) and (i).
(g) In addition to any other mandatory repayments or
commitment reductions pursuant to this Section 4.02, on each Excess Cash Payment
Date, an amount equal to 25% of the Excess Cash Flow for the relevant Excess
Cash Flow Payment Period shall be applied as a mandatory repayment and/or
commitment reduction in accordance with the requirements of Sections 4.02(h) and
(i).
(h) The amount of each mandatory repayment made as
required by Sections 4.02 (d), (e), (f) and (g) shall be applied (i) first, pro
rata to each Tranche of Term Loans (subject to the provisions of Section 4.02(k)
with respect to the B Term Loans) based upon the then outstanding principal
amount of A Term Loans and B Term Loans until all outstanding Term Loans have
been repaid in full and (ii) second, to the extent in excess of the amounts to
be applied pursuant to preceding clause (i), the Total Revolving Loan Commitment
shall be reduced in accordance with the provisions of Section 3.03(f) and any
remaining proceeds to be applied pursuant to this clause (ii) shall be used to
make any mandatory repayments owing as a result thereof pursuant to Section
4.02(a) and, to the extent in excess thereof, same shall be released to (or
retained by) the Borrower (so long as no Default or Event of Default then
exists). All amounts applied to the repayment of principal of Term Loans in
accordance with the foregoing provisions of this Section 4.02(h) (as a result of
payments required by Sections 4.02(d), (e), (f) and (g)), after giving effect to
adjustments pursuant to Section 4.02(k), shall be applied to reduce the then
remaining Scheduled Repayments of the respective Tranche of Term Loans pro rata
based upon the then remaining principal amounts of the Scheduled Repayments of
the respective Tranche of Term Loans after giving effect to all prior reductions
thereto.
(i) With respect to each repayment of Loans required by
this Section 4.02, the Borrower may designate the Types of Loans which are to be
repaid and, in the case of Eurodollar Loans, the specific Borrowing or
Borrowings pursuant to which made, provided that: (i) repayments of Eurodollar
Loans pursuant to this Section 4.02 may only be made on the last day of an
Interest Period applicable thereto unless all Eurodollar Loans of the respective
Tranche with Interest Periods ending on such date of required repayment and all
Base Rate Loans of the respective Tranche have been paid in full; (ii) if any
repayment of Eurodollar Loans made pursuant to a single Borrowing shall reduce
the outstanding Eurodollar Loans made pursuant
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to such Borrowing to an amount less than $5,000,000, such Borrowing shall be
converted at the end of the then current Interest Period into a Borrowing of
Base Rate Loans; and (iii) each repayment of any Loans comprising a Borrowing
shall be applied pro rata among such Loans. In the absence of a designation by
the Borrower as described in the preceding sentence, the Administrative Agent
shall, subject to the above, make such designation in its sole discretion.
Notwithstanding the foregoing provisions of this Section 4.02, if at any time
the mandatory prepayment of Loans pursuant to this Section 4.02 would result,
after giving effect to the procedures set forth above, in the Borrower's
incurring breakage costs under Section 1.11 as a result of Eurodollar Loans
being prepaid other than on the last day of an Interest Period applicable
thereto (the "Affected Eurodollar Loans"), then, so long as no Event of Default
exists and is continuing, the Borrower may in its sole discretion initially
deposit a portion (up to 100%) of the amounts that otherwise would have been
paid in respect of the Affected Eurodollar Loans with the Administrative Agent
(which deposit must be equal in amount to the amount of the Affected Eurodollar
Loans not immediately prepaid) to be held as security for the obligations of the
Borrower hereunder pursuant to a cash collateral agreement to be entered into in
form and substance satisfactory to the Administrative Agent and shall provide
for investments satisfactory to the Administrative Agent and the Borrower, with
such cash collateral to be directly applied upon the first occurrence (or
occurrences) thereafter of the last day of an Interest Period applicable to the
relevant Loans that are Eurodollar Loans (or such earlier date or dates as shall
be requested by the Borrower), to repay an aggregate principal amount of such
Loans equal to the Affected Eurodollar Loan(s) not initially prepaid pursuant to
this sentence. Subject to the following sentence, and so long as no Event of
Default exists and is continuing, the Administrative Agent shall promptly
release to the Borrower any investment proceeds remaining on deposit with the
Administrative Agent pursuant to such cash collateral arrangement after giving
effect to all repayments of Affected Eurodollar Loans pursuant to the
immediately preceding sentence. Notwithstanding anything to the contrary
contained in the immediately preceding sentence, all amounts deposited as cash
collateral pursuant to the immediately preceding sentence shall be held for the
sole benefit of the Lenders whose Loans would otherwise have been immediately
prepaid with the amounts deposited and upon the taking of any action by the
Administrative Agent or the Lenders pursuant to the remedial provisions of
Section 10, any amounts held as cash collateral pursuant to this Section 4.02(i)
shall, subject to the requirements of applicable law, be immediately applied to
the Loans.
(j) Notwithstanding anything to the contrary contained
elsewhere in this Agreement, (i) all then outstanding Swingline Loans shall be
repaid in full on the Swingline Expiry Date and (ii) all other then outstanding
Loans shall be repaid in full on the respective Maturity Date.
(k) Notwithstanding anything to the contrary contained in
Section 4.01 or above in this Section 4.02, with respect to any mandatory
repayments of B Term Loans (excluding B Scheduled Repayments and repayments
pursuant to Section 4.02(j)) otherwise required above pursuant to this Section
4.02, and with respect to that portion of any voluntary prepayment of Term Loans
pursuant to Section 4.01 which, in accordance with the provisions of clause (v)
thereof is required to be applied to B Term Loans (each a "Waivable Repayment"),
the Administrative Agent shall, unless the then outstanding A Term Loans shall
be repaid in full with the
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share of the respective voluntary or mandatory repayment allocable thereto
(before giving effect to any additional reallocation thereto pursuant to this
clause (k)) in accordance with the relevant provisions of Section 4.01 or 4.02,
as the case may be, promptly notify each Lender with a B Term Loan of (x) such
receipt, (y) the amount of the repayment to be applied to such Lender's B Term
Loans and (z) the maximum aggregate amount of the respective Waivable Repayment
which can be waived by the holders of B Term Loans (the "Maximum Waivable
Amount"), which shall be equal to the lesser of (i) the aggregate amount of the
Waivable Repayment required, in the absence of this Section 4.02(k), to be
applied to the repayment of outstanding B Term Loans and (ii) the aggregate
principal amount of A Term Loans which will be outstanding after giving effect
to the application of the amounts then required to be applied to the repayment
of such A Term Loans pursuant to the provisions of Section 4.01 or 4.02, as the
case may be, before giving effect to the provisions of this clause (k). In the
event any such Lender with a B Term Loan desires to waive such Lender's right to
receive its share of any such Waivable Repayment, in whole or in part, such
Lender shall so advise the Administrative Agent no later than 5:00 P.M. (New
York time) three Business Days after the date of such notice from the
Administrative Agent which notice shall also include the amount the Lender
desires to receive. If the Lender does not reply to the Administrative Agent
within such three Business Day period, it will be deemed acceptance of the total
payment. If the Lender does not specify an amount it wishes to receive, it will
be deemed acceptance of 100% of the total payment. In the event that any such
Lender waives such Lender's right to any such Waivable Repayment, the
Administrative Agent shall apply 100% of the amounts so waived by such Lenders
to prepay remaining A Term Loans (i) in the case of a repayment pursuant to
Section 4.01, in accordance with Section 4.01 or (ii) in the case of a repayment
pursuant to Section 4.02, in accordance with Sections 4.02(h) and (i); provided
that if the amounts so waived by the Lenders as described above would exceed the
Maximum Waivable Amount, the amount waived by each Lender shall be reduced
proportionally (based on the amounts waived by each Lender) to the extent needed
so that the aggregate of the amounts so waived shall not exceed the Maximum
Waivable Amount. The amount of the respective Waivable Repayment shall be
deposited with the Administrative Agent on the date the voluntary prepayment is
otherwise made pursuant to Section 4.01 or the date the mandatory repayment
would otherwise be required pursuant to the relevant provisions of this Section
4.02, as the case may be (and held by the Administrative Agent as cash
collateral for the B Term Loans and, but only to the extent Lenders with B Term
Loans waive their right to receive their share of the Waivable Repayment, for
the benefit of the A Term Loans in a cash collateral account until the proceeds
are applied to the applicable Loans) and the respective repayment shall not be
required to be made until the fifth Business Day occurring after the date the
respective repayment would otherwise have been required to be made.
Notwithstanding anything to the contrary contained above, (i) if one or more
Lenders waives its right to receive all or any part of any Waivable Repayment,
but less than all the Lenders holding B Term Loans waive in full their right to
receive 100% of the total payment otherwise required with respect to the B Term
Loans, then of the amount actually applied to the repayment of B Term Loans of
Lenders which have waived in part, but not in full, their right to receive 100%
of such repayment, such amount shall be applied to each then outstanding
Borrowing of B Term Loans on a pro rata basis (so that each Lender holding B
Term Loans shall, after giving effect to the application of the respective
repayment, maintain the same percentage (as determined for such Lender, but not
the same percentage as the other Lenders hold and not the same percentage held
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by such Lender prior to repayment) of each Borrowing of B Term Loans which
remains outstanding after giving effect to such application), and (ii) the right
of the Lenders holding B Term Loans to waive their right to receive any
mandatory or voluntary repayments pursuant to this Section 4.02(k) shall only be
applicable so long as any A Term Loans are outstanding at the time of such
mandatory or voluntary repayment, and such right shall exist only to the extent
of outstanding A Term Loans (after giving effect to any prior or concurrent
repayment of A Term Loans).
4.03 Method and Place of Payment. Except as otherwise
specifically provided herein, all payments under this Agreement or any Note
shall be made to the Administrative Agent for the account of the Lender or
Lenders entitled thereto not later than 12:00 Noon (New York time) on the date
when due and shall be made in Dollars in immediately available funds at the
Payment Office of the Administrative Agent. Whenever any payment to be made
hereunder or under any Note shall be stated to be due on a day which is not a
Business Day, the due date thereof shall be extended to the next succeeding
Business Day and, with respect to payments of principal, interest shall be
payable at the applicable rate during such extension.
4.04 Net Payments; Taxes. (a) All payments made by any
Credit Party hereunder or under any Note will be made without setoff,
counterclaim or other defense. Except as provided in Sections 4.04(b), 13.04,
13.14 or 13.15, all such payments will be made free and clear of, and without
deduction or withholding for, any present or future Taxes now or hereafter
imposed by any jurisdiction or by any political subdivision or taxing authority
thereof or therein with respect to such payments (but excluding, except as
provided in the second succeeding sentence, any tax imposed on or measured by
the net income or net profits of a Lender pursuant to the laws of the
jurisdiction in which it is organized or the jurisdiction in which the principal
office or applicable lending office of such Lender is located or any subdivision
thereof or therein) (all such non-excluded Taxes being referred to collectively
as "Withholding Taxes"). If any Withholding Taxes are so levied or imposed, the
Borrower agrees to pay the full amount of such Withholding Taxes, and such
additional amounts as may be necessary so that every payment of all amounts due
under this Agreement or any other Credit Document or under any Note, after
withholding or deduction for or on account of any Withholding Taxes, will not be
less than the amount provided for herein or in such Credit Document or in such
Note. If any amounts are payable in respect of Withholding Taxes pursuant to the
preceding sentence, the Borrower agrees to reimburse each Lender, upon the
written request of such Lender, for taxes imposed on or measured by the net
income or net profits of such Lender pursuant to the laws of the jurisdiction in
which such Lender is organized or in which the principal office or applicable
lending office of such Lender is located or under the laws of any political
subdivision or taxing authority of any such jurisdiction in which such Lender is
organized or in which the principal office or applicable lending office of such
Lender is located and for any withholding of taxes as such Lender shall
determine are payable by, or withheld from, such Lender, in respect of such
amounts so paid to or on behalf of such Lender pursuant to the preceding
sentence and in respect of any amounts paid to or on behalf of such Lender
pursuant to this sentence. The Borrower will furnish to the Administrative Agent
within 45 days after the date the payment of any Withholding Taxes is due
pursuant to applicable law certified copies of tax receipts evidencing such
payment by the Borrower. The Borrower agrees to indemnify and hold harmless each
Lender, and reimburse
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such Lender upon its written request, for the amount of any Withholding Taxes so
levied or imposed and paid by such Lender.
(b) Each Lender that is not a United States person (as
such term is defined in Section 7701(a)(30) of the Code) for U.S. Federal income
tax purposes agrees to deliver to the Borrower and the Administrative Agent on
or prior to the Effective Date, or in the case of a Lender that is an assignee
or transferee of an interest under this Agreement pursuant to Section 1.13 or
13.04 (unless the respective Lender was already a Lender hereunder immediately
prior to such assignment or transfer), on the date of such assignment or
transfer to such Lender, (i) two accurate and complete original signed copies of
Internal Revenue Service Form W-8ECI or W-8BEN (with respect to complete
exemption under an income tax treaty) (or successor forms) certifying to such
Lender's entitlement as of such date to a complete exemption from United States
withholding tax with respect to payments to be made under this Agreement and
under any Note, or (ii) if the Lender is not a "bank" within the meaning of
Section 881(c)(3)(A) of the Code and cannot deliver either Internal Revenue
Service Form W-8ECI or W-8BEN (with respect to complete exemption under an
income tax treaty) pursuant to clause (i) above, (x) a certificate substantially
in the form of Exhibit D (any such certificate, a "Section 4.04(b)(ii)
Certificate") and (y) two accurate and complete original signed copies of
Internal Revenue Service Form W-8BEN (with respect to the portfolio interest
exemption (or successor form) certifying to such Lender's entitlement to a
complete exemption from United States withholding tax with respect to payments
of interest to be made under this Agreement and under any Note. In addition,
each Lender agrees that from time to time after the Effective Date, when a lapse
in time or change in circumstances renders the previous certification obsolete
or inaccurate in any material respect, it will deliver to the Borrower and the
Administrative Agent two new accurate and complete original signed copies of
Internal Revenue Service Form W-8ECI or Form W-8BEN (with respect to the
benefits of any income tax treaty), Form W8-BEN (with respect to the portfolio
interest exemption) and a Section 4.04(b)(ii) Certificate, as the case may be,
and such other forms as may be required in order to confirm or establish the
entitlement of such Lender to a continued exemption from or reduction in United
States withholding tax with respect to payments under this Agreement and any
Note, or it shall immediately notify the Borrower and the Administrative Agent
of its inability to deliver any such Form or Certificate, in which case such
Lender shall not be required to deliver any such Form or Certificate pursuant to
this Section 4.04(b). Notwithstanding anything to the contrary contained in
Section 4.04(a), but subject to Section 13.04(b) and the immediately succeeding
sentence, (x) the Borrower shall be entitled, to the extent it is required to do
so by law, to deduct or withhold income or similar taxes imposed by the United
States (or any political subdivision or taxing authority thereof or therein)
from interest, Fees or other amounts payable hereunder for the account of any
Lender which is not a United States person (as such term is defined in Section
7701(a)(30) of the Code) for U.S. Federal income tax purposes to the extent that
such Lender has not provided to the Borrower U.S. Internal Revenue Service Forms
that establish a complete exemption from such deduction or withholding and (y)
the Borrower shall not be obligated pursuant to Section 4.04(a) hereof to
gross-up payments to be made to a Lender in respect of income or similar taxes
imposed by the United States if (I) such Lender has not provided to the Borrower
the Internal Revenue Service Forms required to be provided to the Borrower
pursuant to this Section 4.04(b) or (II) in the case of a payment, other than
interest, to a Lender described in clause (ii) above, to the extent that
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such Forms do not establish a complete exemption from withholding of such taxes.
Notwithstanding anything to the contrary contained in the preceding sentence or
elsewhere in this Section 4.04 and except as set forth in Section 13.04(b), the
Borrower agrees to pay any additional amounts and to indemnify each Lender in
the manner set forth in Section 4.04(a) (without regard to the identity of the
jurisdiction requiring the deduction or withholding) in respect of any Taxes
deducted or withheld by it as described in the immediately preceding sentence as
a result of any changes that are effective after the Effective Date in any
applicable law, treaty, governmental rule, regulation, guideline or order, or in
the interpretation thereof, relating to the deducting or withholding of such
Taxes.
(c) If the Borrower pays any additional amount under this
Section 4.04 to a Lender and such Lender determines in its sole discretion that
it has actually received or realized in connection therewith any refund or any
reduction of, or credit against, its Tax liabilities in or with respect to the
taxable year in which the additional amount is paid (a "Tax Benefit"), such
Lender shall pay to the Borrower an amount that the Lender shall, in its sole
discretion, determine is equal to the net benefit, after tax, which was obtained
by the Lender in such year as a consequence of such Tax Benefit; provided,
however, that (i) any Lender may determine, in its sole discretion consistent
with the policies of such Lender, whether to seek a Tax Benefit; (ii) any Taxes
that are imposed on a Lender as a result of a disallowance or reduction
(including through the expiration of any tax credit carryover or carryback of
such Lender that otherwise would not have expired) of any Tax Benefit with
respect to which such Lender has made a payment to the Borrower pursuant to this
Section 4.04(c) shall be treated as a Tax for which the Borrower is obligated to
indemnify such Lender pursuant to this Section 4.04 without any exclusions or
defenses; (iii) nothing in this Section 4.04(c) shall require the Lender to
disclose any confidential information to the Borrower; and (iv) no Lender shall
be required to pay any amounts pursuant to this Section 4.04(c) at any time
which a Default or Event of Default exists.
SECTION 5. Conditions Precedent to Credit Events on Initial
Borrowing Date. The obligation of each Lender to make Loans, and the obligation
of each Issuing Lender to issue Letters of Credit, on the Initial Borrowing
Date, is subject at the time of the making of such Loans or the issuance of such
Letters of Credit to the satisfaction of the following conditions:
5.01 Execution of Agreement; Notes. On or prior to the
Initial Borrowing Date (i) the Effective Date shall have occurred and (ii) there
shall have been delivered to the Administrative Agent, for the account of each
of the Lenders which have requested the same, the appropriate A Term Note, B
Term Note and/or Revolving Note executed by the Borrower, and to the Swingline
Lender, the Swingline Note executed by the Borrower, in each case in the amount,
maturity and as otherwise provided herein.
5.02 Officers' Certificate. On the Initial Borrowing Date,
the Administrative Agent shall have received a certificate, dated the Initial
Borrowing Date and signed on behalf of the Borrower by the Chairman of the
Board, the President, any Vice-President, the Chief Financial Officer or the
Treasurer, certifying on behalf of the Borrower that all of the conditions in
Sections 5.06, 5.07, 5.08, 5.13, 5.14, 5.18 and 6.01 have been satisfied on such
date.
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5.03 Opinions of Counsel. On the Initial Borrowing Date,
the Administrative Agent shall have received from (i) Xxxxxxxx Xxxxxxx, special
counsel to the Borrower and its Subsidiaries, an opinion addressed to the Agents
and each of the Lenders and dated the Initial Borrowing Date, in the form
attached as Exhibit E-1 and (ii) Xxxxx, Day, Xxxxxx & Xxxxx, counsel to the
Borrower and its Subsidiaries, an opinion in form and substance satisfactory to
the Administrative Agent and addressed to the Agents and each of the Lenders and
dated the Initial Borrowing Date, covering the matters set forth in Exhibit E-2
and such other matters incident to the transactions contemplated herein as any
Agent may reasonably request.
5.04 Corporate Documents; Proceedings; etc. (a) On the
Initial Borrowing Date, the Administrative Agent shall have received a
certificate, dated the Initial Borrowing Date, signed by the Chairman of the
Board, the President, any Vice President, the Chief Financial Officer, the
Treasurer or an Authorized Representative of each Credit Party, and attested to
by the Secretary, any Assistant Secretary or another Authorized Representative
of such Credit Party in the form of Exhibit F, with appropriate insertions,
together with copies of the Certificate of Incorporation and By-Laws (or
equivalent organizational documents) of such Credit Party and the resolutions of
such Credit Party referred to in such certificate, and the foregoing shall be
reasonably acceptable to the Agents.
(b) All corporate and legal proceedings and all material
instruments and agreements in connection with the transactions contemplated by
this Agreement and the other Documents shall be reasonably satisfactory in form
and substance to the Agents and the Required Lenders, and the Administrative
Agent shall have received all information and copies of all documents and
papers, including records of corporate proceedings, governmental approvals, good
standing certificates and bring-down telegrams or facsimiles, if any, which any
Agent reasonably may have requested in connection therewith, such documents and
papers where appropriate to be certified by proper corporate or governmental
authorities.
5.05 Employee Benefit Plans; Debt Agreements; Tax Sharing
Agreements. On the Initial Borrowing Date, there shall have been delivered to
the Administrative Agent true and correct copies of the following documents:
(i) all Plans (and for each Plan that is required to file
an annual report on Internal Revenue Service Form 5500-series, a copy
of the most recent such report (including, to the extent required, the
related financial and actuarial statements and opinions and other
supporting statements, certifications, schedules and information), and
for each Plan that is a "single-employer plan," as defined in Section
4001(a)(15) of ERISA, if any, the most recently prepared actuarial
valuation therefor) and any other "employee benefit plans," as defined
in Section 3(3) of ERISA (collectively, the "Employee Benefit Plans");
(ii) all agreements evidencing or relating to Indebtedness
of the Borrower or any of its Subsidiaries which is to remain
outstanding in an aggregate principal amount exceeding $2,000,000 after
giving effect to the incurrence of Loans on the Initial Borrowing Date
(collectively, the "Debt Agreements"); and
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(iii) all tax sharing, tax allocation and other similar
agreements entered into by the Borrower or any of its Subsidiaries
(collectively, the "Tax Sharing Agreements"),
all of which Employee Benefit Plans, Debt Agreements and Tax Sharing Agreements
shall be in form and substance reasonably satisfactory to the Agents and the
Required Lenders and shall be in full force and effect on the Initial Borrowing
Date.
5.06 Consummation of the Spin-off and Merger; Equipment Purchase;
etc. (a) On or prior to the Initial Borrowing Date, there shall have been
delivered to the Administrative Agent true and correct copies of the Merger
Documents, all of which Merger Documents shall be in form and substance
reasonably satisfactory to the Agents and the Required Lenders and in full force
and effect. The Merger Documents shall not have been amended unless such
amendment is approved by the Agents and the Required Lenders.
(b) On or prior to the Initial Borrowing Date (i) Flowers
Industries shall have consummated the Spin-off and, immediately following the
consummation of the Spin-off, Flowers Industries and a wholly-owned Subsidiary
of Kellogg shall have consummated the Flowers Industries Merger, (ii)
immediately following the consummation of the Spin-off and the Flowers
Industries Merger, the Borrower shall own, directly or indirectly, all of the
assets and Subsidiaries of Flowers Industries (before giving effect to the
Spin-off and the Flowers Industries Merger) other than Flowers Industries'
ownership interest in Keebler and its Subsidiaries, (iii) each of the Spin-off
and the Flowers Industries Merger shall have been consummated in all material
respects in accordance with the Merger Documents and all applicable laws and
(iv) all conditions precedent to the consummation of each of the Spin-off and
the Flowers Industries Merger contained in the Merger Documents shall have been
satisfied (and not waived without the consent of the Agents and the Required
Lenders) in all material respects.
(c) on or prior to the Initial Borrowing Date, Flowers Industries
and/or its Subsidiaries (or, to the extent same is consummated on the Initial
Borrowing Date concurrently with the Spin-Off, the Borrower and/or its
Subsidiaries) shall have consummated the Equipment Purchase for aggregate cash
consideration not to exceed $62,000,000. The Equipment Purchase Documents shall
be in form and substance reasonably satisfactory to the Administrative Agent and
the Required Lenders and the Equipment Purchase shall have been consummated in
all material respects in accordance with the Equipment Purchase Documents.
5.07 Existing Debentures Tender Offer. On or prior to the Initial
Borrowing Date, Flowers Industries shall have completed a tender offer with
respect to the Existing Debentures (the "Existing Debentures Tender Offer") on
terms and conditions, and pursuant to documentation, satisfactory to the Agents
and the Required Lenders. In connection therewith, the Borrower shall have
furnished to the Administrative Agent and the Lenders copies of the Existing
Debentures Tender Offer Documents, all of which shall be in form and substance
satisfactory to the Agents and the Required Lenders. The tender offer for
Existing Debentures shall have expired in accordance with the terms of the
Existing Debentures Tender Offer Documents on or before the Initial Borrowing
Date and Flowers Industries shall have purchased
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at least 60% of the theretofore outstanding Existing Debentures pursuant to the
Existing Debentures Tender Offer.
5.08 Refinancing; Indebtedness. (a) On the Initial Borrowing Date,
all Indebtedness to be Refinanced shall have been repaid in full and all
commitments in respect thereof shall have been terminated and all Liens and
guaranties given by the Borrower and its Subsidiaries in connection therewith
shall have been terminated (and all appropriate releases, termination statements
or other instruments of assignment with respect thereto shall have been
obtained) to the reasonable satisfaction of the Agents. The Administrative Agent
shall have received satisfactory evidence (including satisfactory pay-off
letters and UCC-3 Termination Statements) that the matters set forth in the
immediately preceding sentence have been satisfied as of the Initial Borrowing
Date. Without limiting the foregoing, the facility (and financing) previously
made available pursuant to the Existing Distributor Note Documents shall have
been terminated pursuant to arrangements satisfactory to the Administrative
Agent and the Required Lenders, and ownership of all Existing Distributor Notes
outstanding pursuant thereto (and any related guarantees or collateral therefor)
shall have been transferred to the Borrower, although SunTrust may continue to
hold such Existing Distributor Notes (and related collateral) as a
sub-collateral agent for the Collateral Agent pursuant to the Security
Documents.
(b) After giving effect to the consummation of the Transaction,
the Borrower and its Subsidiaries shall have no outstanding Indebtedness except
(i) the Obligations and (ii) such other indebtedness, as is permitted to remain
outstanding pursuant to Section 9.04.
5.09 Subsidiaries Guaranty. On the Initial Borrowing Date, each
Subsidiary Guarantor shall have duly authorized, executed and delivered a
Subsidiaries Guaranty in the form of Exhibit G (as modified, supplemented,
restated and/or amended from time to time, the "Subsidiaries Guaranty"), and the
Subsidiaries Guaranty shall be in full force and effect.
5.10 Pledge and Security Agreement. On the Initial Borrowing Date,
each Credit Party shall have duly authorized, executed and delivered the Pledge
and Security Agreement in the form of Exhibit H (as modified, supplemented,
restated and/or amended from time to time, the "Pledge Agreement") covering all
of such Credit Party's present and future Pledge Agreement Collateral in each
case together with:
(i) the delivery to the Collateral Agent, as pledgee, of
all of the Pledged Securities referred to therein, endorsed in blank in
the case of promissory notes constituting Pledged Securities or
accompanied by executed and undated stock powers in the case of capital
stock constituting Pledged Securities;
(ii) proper Financing Statements (Form UCC-1) fully
executed for filing under the UCC or in other appropriate filing
offices of each jurisdiction as may be necessary or, in the reasonable
opinion of the Collateral Agent, desirable to perfect the security
interests purported to be created by the Pledge Agreement;
(iii) certified copies of Requests for Information or
Copies (Form UCC-11), or equivalent reports, listing all effective
financing statements that name any Credit Party as
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debtor and that are filed in the jurisdictions referred to in Section
5.10(ii) above, together with copies of such other financing statements
(none of which shall cover the Collateral except to the extent
evidencing Permitted Liens or in respect of which the Collateral Agent
shall have received Form UCC-3 Termination Statements (or such other
termination statements as shall be required by local law) fully
executed for filing); and
(iv) evidence that all other actions necessary or, in the
reasonable opinion of the Collateral Agent, desirable to perfect and
protect the security interests purported to be created by the Pledge
Agreement have been taken.
5.11 Security Agreement. On the Initial Borrowing Date, each Credit
Party shall have duly authorized, executed and delivered the Security Agreement
in the form of Exhibit I (as modified, supplemented, restated and/or amended
from time to time, the "Security Agreement") covering all of such Credit Party's
present and future Security Agreement Collateral, in each case together with:
(i) proper Financing Statements (Form UCC-1) fully
executed for filing under the UCC or in other appropriate filing
offices of each jurisdiction as may be necessary or, in the reasonable
opinion of the Collateral Agent, desirable to perfect the security
interests purported to be created by the Security Agreement;
(ii) certified copies of Requests for Information or
Copies (Form UCC-11), or equivalent reports, listing all effective
financing statements that name any Credit Party as debtor and that are
filed in the jurisdictions referred to in Section 5.11(i) above,
together with copies of such other financing statements (none of which
shall cover the Collateral except to the extent evidencing Permitted
Liens or in respect of which the Collateral Agent shall have received
Form UCC-3 Termination Statements (or such other termination statements
as shall be required by local law) fully executed for filing); and
(iii) evidence that all other actions necessary or, in the
reasonable opinion of the Collateral Agent, desirable to perfect and
protect the security interests purported to be created by the Security
Agreement have been taken.
5.12 Lease Program. On or prior to the Initial Borrowing Date, the
Lease Program Documents shall be in form and substance satisfactory to the
Agents and the Required Lenders and in full force and effect without any
defaults thereunder.
5.13 Material Adverse Change; Approvals, etc. (a) On the Initial
Borrowing Date, nothing shall have occurred (and neither the Agents nor the
Required Lenders shall have become aware of any facts or conditions not
previously known) which could constitute a Material Adverse Change.
(b) On or prior to the Initial Borrowing Date, all necessary
material governmental (domestic and foreign) and third party approvals and/or
consents in connection with the Transaction, the transactions contemplated by
the Documents and otherwise referred to herein or therein shall have been
obtained and remain in effect, and all applicable waiting periods shall
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have expired without any action being taken by any competent authority which
restrains, prevents or imposes materially adverse conditions upon the
consummation of the Transaction or the transactions contemplated by this
Agreement or the other Documents. Additionally, there shall not exist any
judgment, order, injunction or other restraint prohibiting or imposing
materially adverse conditions upon the Transaction or the transactions
contemplated by this Agreement.
5.14 Litigation. On the Initial Borrowing Date, no litigation by
any entity (private or governmental) shall be pending or threatened with respect
to the Transaction or this Agreement or any other Document, or which the Agents
or the Required Lenders shall determine has caused, or could reasonably be
expected to cause, a Material Adverse Change.
5.15 Solvency Certificate; Environmental Analyses; Insurance. On or
before the Initial Borrowing Date, the Borrower shall cause to be delivered to
the Administrative Agent (i) a solvency certificate from the chief financial
officer of the Borrower, in the form of Exhibit J, which shall be addressed to
the Agents and each of the Lenders and dated the Initial Borrowing Date, setting
forth the conclusion that, (A) after giving effect to the Transaction and the
incurrence of all the financings contemplated hereby, the Borrower, the Borrower
and its Subsidiaries taken as a whole, Flowers Industries and Flowers Industries
and its Subsidiaries taken as a whole, in each case are not insolvent and will
not be rendered insolvent by the incurrence of such indebtedness, and will not
be left with unreasonably small capital with which to engage in their respective
businesses and will not have incurred debts beyond their ability to pay such
debts as they mature, and (B) after giving effect to the Transaction, Flowers
Industries and Flowers Industries and its Subsidiaries taken as a whole
(immediately prior to the Spin-off and giving effect to the Spin-off and the
Flowers Industries Merger), in each case are not insolvent and will not be
rendered insolvent by reason of the Spin-off, and will not be left with
unreasonably small capital with which to engage in their respective businesses
and will not have incurred debts beyond their ability to pay such debts as they
mature, (ii) environmental and hazardous substance analyses with respect to the
properties owned or leased by the Borrower or any of its Subsidiaries to the
extent requested by the Agents, in scope, form and substance satisfactory to the
Administrative Agent and (iii) certificates of insurance complying with the
requirements of Section 8.03 for the business and properties of the Borrower and
its Subsidiaries, in scope, form and substance reasonably satisfactory to the
Agents and the Required Lenders and naming the Collateral Agent as an additional
insured and/or loss payee, and stating that such insurance shall not be canceled
without 30 days prior written notice by the insurer to the Collateral Agent.
5.16 Pro Forma Balance Sheet; Financial Statements; Projections. On
or prior to the Initial Borrowing Date, the Administrative Agent and the Lenders
shall have received copies of the financial statements (including the pro forma
financial statements) and Projections referred to in Sections 7.05(a), (b) and
(e).
5.17 Payment of Fees. On the Initial Borrowing Date, all costs,
fees and expenses, and all other compensation due to the Agents or the Lenders
(including, without limitation, legal fees and expenses) shall have been paid to
the extent due.
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5.18 Ratings Request. On or prior to the Initial Borrowing Date,
the Borrower shall have requested in writing from both S&P and Xxxxx'x, a
long-term senior secured debt rating/ratings of the Indebtedness pursuant to
this Agreement.
SECTION 6. Conditions Precedent to All Credit Events. The obligation of
each Lender to make Loans (including Loans made on the Initial Borrowing Date
but excluding Mandatory Borrowings made thereafter, which shall be made as
provided in Section 1.01(e)), and the obligation of any Issuing Lender to issue
any Letter of Credit, is subject to the satisfaction of the following
conditions:
6.01 No Default; Representations and Warranties. At the time of
each such Credit Event and also after giving effect thereto (i) there shall
exist no Default or Event of Default and (ii) all representations and warranties
contained herein or in any other Credit Document shall be true and correct in
all material respects with the same effect as though such representations and
warranties had been made on the date of such Credit Event (it being understood
and agreed that any representation or warranty which by its terms is made as of
a specified date shall be required to be true and correct in all material
respects only as of such specified date).
6.02 Notice of Borrowing; Letter of Credit Request. (a) Prior to
the making of each Loan (excluding Swingline Loans), the Administrative Agent
shall have received the notice required by Section 1.03(a). Prior to the making
of any Swingline Loan, the Swingline Lender shall have received the notice
required by Section 1.03(b)(i).
(b) Prior to the issuance of each Letter of Credit, the
Administrative Agent and the respective Issuing Lender shall have received a
Letter of Credit Request meeting the requirements of Section 2.02.
The acceptance of the proceeds of each Credit Event shall constitute a
representation and warranty by the Borrower to the Administrative Agent and each
of the Lenders that all the conditions specified in Section 5 and in this
Section 6 and applicable to such Credit Event have been satisfied as of that
time. All of the Notes, certificates, legal opinions and other documents and
papers referred to in Section 5 and in this Section 6, unless otherwise
specified, shall be delivered to the Administrative Agent at the Notice Office
for the account of each of the Lenders and, except for the Notes, in sufficient
counterparts for each of the Lenders and shall be in form and substance
reasonably satisfactory to the Administrative Agent.
SECTION 7. Representations, Warranties and Agreements. In order to
induce the Lenders to enter into this Agreement and to make the Loans, and issue
(or participate in) the Letters of Credit as provided herein, the Borrower makes
the following representations, warranties and agreements, in each case after
giving effect to the Transaction as consummated on the Initial Borrowing Date,
all of which shall survive the execution and delivery of this Agreement and the
Notes and the making of the Loans and issuance of the Letters of Credit, with
the occurrence of each Credit Event on or after the Initial Borrowing Date being
deemed to constitute a representation and warranty that the matters specified in
this Section 7 are true and correct in all material respects on and as of the
Initial Borrowing Date and on the date of each
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such Credit Event (it being understood and agreed that any representation or
warranty which by its terms is made as of a specified date shall be required to
be true and correct in all material respects only as of such specified date):
7.01 Corporate/Limited Liability Company/Partnership
Status; etc. The Borrower and each of its Subsidiaries (i) is a duly organized
and validly existing corporation, limited liability company or partnership, as
the case may be, in good standing under the laws of the jurisdiction of its
incorporation or formation, (ii) has the corporate or other applicable power and
authority to own its property and assets and to transact the business in which
it is engaged and presently proposes to engage and (iii) is duly qualified and
is authorized to do business and is in good standing in each jurisdiction where
the conduct of its business requires such qualifications, except for failures to
be so qualified that, individually or in the aggregate, have not had, and would
not reasonably be expected to have, a Material Adverse Effect.
7.02 Corporate Power and Authority. Each Credit Party has
the corporate or other applicable power and authority to execute, deliver and
perform the terms and provisions of each of the Documents to which it is party
and has taken all necessary corporate or other applicable action to authorize
the execution, delivery and performance by it of each of such Documents. Each
Credit Party has duly executed and delivered each of the Documents to which it
is party, and each of such Documents constitutes the legal, valid and binding
obligation of such Credit Party enforceable against each such Credit Party in
accordance with its terms, except to the extent that the enforceability thereof
may be limited by applicable bankruptcy or other similar laws generally
affecting creditors' rights and by equitable principles (regardless of whether
enforcement is sought in equity or at law).
7.03 No Violation. Neither the execution, delivery or
performance by any Credit Party of the Documents to which it is a party, nor
compliance by it with the terms and provisions thereof, (i) will contravene any
material provision of any applicable law, statute, rule or regulation or any
applicable order, writ, injunction or decree of any court or governmental
instrumentality, (ii) will conflict with or result in any breach of any of the
terms, covenants, conditions or provisions of, or constitute a default under, or
result in the creation or imposition of (or the obligation to create or impose)
any Lien (except pursuant to the Security Documents and Permitted Liens) upon
any of the material properties or assets of the Borrower or any of its
Subsidiaries pursuant to the terms of any indenture (including, without
limitation, the Existing Debentures Indenture), mortgage, deed of trust, credit
agreement or loan agreement, or any other material agreement, contract or
instrument, to which the Borrower or any of its Subsidiaries is a party or by
which it or any of its material property or assets is bound or to which it may
be subject or (iii) will violate any provision of the Certificate of
Incorporation or By-Laws (or equivalent organizational documents) of the
Borrower or any of its Subsidiaries.
7.04 Governmental Approvals. No order, consent, approval,
license, authorization or validation of, or filing, recording or registration
with (except as have been obtained or made or, in the case of any filings or
recordings in respect of the Security Documents executed on the Initial
Borrowing Date, will be made within 10 days thereof), or exemption by, any
governmental or public body or authority, or any subdivision thereof, is
required to authorize, or
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is required in connection with, (i) the execution, delivery and performance of
any Document or (ii) the legality, validity, binding effect or enforceability of
any Document.
7.05 Financial Statements; Financial Condition;
Undisclosed Liabilities; Projections; etc. (a) The (i) audited consolidated
balance sheets of Flowers Industries and its Subsidiaries (x) for the fiscal
years ended on January 2, 1999, January 1, 2000 and December 30, 2000 and (y)
unaudited consolidated balance sheets of Flowers Industries and its Subsidiaries
for the periods described in the preceding clause (x) and accounting for Keebler
on an equity basis, and (ii) the related consolidated statements of income, cash
flows and shareholders' equity of Flowers Industries and its Subsidiaries
(accounting for Keebler on an equity basis in the case of the statements
correlating to the balance sheets described in preceding clause (i)(y)) for the
fiscal year or quarter, as the case may be, ended on such dates, copies of which
have been furnished to the Lenders prior to the Effective Date, present fairly
in all material respects the consolidated financial position of Flowers
Industries and its Subsidiaries, respectively, at the dates of such balance
sheets and the consolidated results of the operations of Flowers Industries and
its Subsidiaries, respectively, for the periods covered thereby. All of the
foregoing historical financial statements have been prepared in accordance with
generally accepted accounting principles consistently applied, except, in the
case of the financial statements listed in clauses (i)(y) and (ii), as a result
of the accounting for Keebler on an equity basis of accounting.
(b) The pro forma consolidated balance sheet of the
Borrower and its Subsidiaries as of December 30, 2000, after giving effect to
the Transaction and the financing in connection therewith, and the pro forma
consolidated statements of income, cash flows and shareholders' equity of the
Borrower and its Subsidiaries for the twelve month period ended December 30,
2000, giving effect to the Transaction and the financing in connection therewith
as if same had been consummated on the first day of such twelve month period,
copies of which have been furnished to the Lenders prior to the Effective Date,
present fairly in all material respects the pro forma consolidated financial
position of the Borrower and its Subsidiaries as of December 30, 2000 and the
pro forma consolidated results of operations of the Borrower and its
Subsidiaries for the twelve month period covered thereby.
(c)(i) On and as of the Initial Borrowing Date, on a pro
forma basis after giving effect to the Transaction and all other transactions
contemplated by the Documents and to all Indebtedness (including the Loans)
being incurred or assumed, and Liens created by each Credit Party in connection
therewith, with respect to each of the Borrower, the Borrower and its
Subsidiaries taken as a whole, Flowers Industries and Flowers Industries and its
Subsidiaries taken as a whole, (x) the sum of its assets (including goodwill),
at a fair valuation, will exceed its debts; (y) it has not incurred and does not
intend to incur, nor believes that it will incur, debts beyond its ability to
pay such debts as such debts mature; and (z) it will have sufficient capital
with which to conduct its business. For purposes of this Section 7.05(c), "debt"
means any liability on a claim and "claim" means (i) right to payment, whether
or not such a right is reduced to judgment, liquidated, unliquidated, fixed,
contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured,
or unsecured or (ii) right to an equitable remedy for breach of performance if
such breach gives rise to a payment, whether or not such right to an equitable
remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed,
undisputed, secured or unsecured.
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(d) Except as disclosed in the financial statements
(including the pro forma financial statements) delivered pursuant to Section
7.05(a) and (b), there were, as of the Initial Borrowing Date, no liabilities or
obligations with respect to the Borrower or any of its Subsidiaries of any
nature whatsoever (whether absolute, accrued, contingent or otherwise and
whether or not due) which would, under generally accepted accounting principles,
be required to be disclosed on consolidated financial statements (or footnotes
thereto) of the Borrower if same had been prepared as of the Initial Borrowing
Date. In addition, as of the Initial Borrowing Date, there are no liabilities or
obligations with respect to the Borrower or any of its Subsidiaries of any
nature whatsoever (whether absolute, accrued, contingent or otherwise and
whether or not due) not required to be disclosed in such financial statements in
accordance with generally accepted accounting principles that, individually or
in the aggregate, have had, or would reasonably be expected to have, a Material
Adverse Effect. Without limiting the foregoing, except as disclosed in the pro
forma financial statements delivered pursuant to preceding Section 7.05(b), the
Borrower believes that, following the consummation of the Transaction, it and
its Subsidiaries shall have no material liabilities (contingent or otherwise) to
Kellogg or any of its Subsidiaries pursuant to the Merger Documents (whether as
a result of the retained Spinco Group Liabilities (as defined in the
Distribution Agreement) or otherwise).
(e) On and as of the Initial Borrowing Date, the
Projections which have been delivered to the Agents and the Lenders on or prior
to the Effective Date have been prepared on a basis consistent with the
financial statements of Flowers Industries and its Subsidiaries referred to in
Section 7.05(a) and the pro forma financial statements referred to in Section
7.05(b), and are based on good faith estimates and assumptions believed by
management of the Borrower to be reasonable as of the date of such Projections
(including, without limitation, with respect to any liabilities retained by the
Borrower and its Subsidiaries pursuant to the Merger Documents), and there are
no statements or conclusions in any of the Projections which are based upon or
include information known to the Borrower or any of its Subsidiaries to be
misleading in any material respect or which omit material information regarding
the matters reported therein. On the Initial Borrowing Date, the Borrower
believes that the Projections are reasonable and attainable, it being understood
that the Projections include assumptions as to future events and that actual
results may differ from those set forth in the Projections.
(f) Since December 30, 2000 (but for this purpose
determined as if the Transaction had occurred prior to such date, and as if the
Borrower and its Subsidiaries had no liabilities to Kellogg and its Subsidiaries
pursuant to the Merger Documents except as specifically disclosed pursuant to
preceding Section 7.05(d)), nothing has occurred that has had or would
reasonably be expected to have a Material Adverse Effect.
7.06 Litigation. There are no actions, suits or
proceedings pending or, to the best knowledge of the Borrower, threatened (i)
with respect to the Transaction or (ii) that has had or would reasonably be
expected to have a Material Adverse Effect.
7.07 True and Complete Disclosure. (a) As of the Effective
Date, and on each other date as the Administrative Agent shall designate as a
date upon which any Lender or Lenders shall become a party to this Agreement
pursuant to the primary syndication of the Loans
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and Commitments hereunder, all factual information (taken as a whole) furnished
by or on behalf of the Borrower and/or its Subsidiaries in writing to the
Administrative Agent or any Lender (including, without limitation, all
information contained in the Documents and the Proxy Materials) for purposes of
or in connection with this Agreement, the other Credit Documents, the
Transaction or any transaction contemplated herein or therein is, and all other
such factual information (taken as a whole) hereafter furnished by or on behalf
of the Borrower in writing to any Agent or the Lead Arranger or any Lender will
be, true and accurate in all material respects and not incomplete by omitting to
state any fact necessary to make such information (taken as a whole) not
misleading in any material respect at the time such information was provided.
(b) Flowers Industries' annual report on Form 10-K for
the fiscal year ended at January 1, 2000 and Flowers Industries' quarterly
report on Form 10-Q for the fiscal quarter ended on October 7, 2000, copies of
which have been furnished by the Borrower to the Administrative Agent and the
Lenders, did not, as of the respective dates such Form 10-K and Form 10-Q were
filed with the Securities and Exchange Commission, contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading, and from the date of filing of the Flowers Industries' proxy
statement with the Securities and Exchange Commission on February 22, 2001
through the date hereof, the Borrower has not filed a current report on Form 8-K
with the Securities and Exchange Commission, and, as of the Effective Date, no
event or condition exists which would require such filing by the Borrower
pursuant to the Exchange Act, except for any such event or condition which has
heretofore been disclosed in writing to the Lenders by delivery to the Lenders
of a Form 8-K prior to the filing thereof.
7.08 Use of Proceeds; Margin Regulations. (a) All proceeds
of the Term Loans shall be used on the Initial Borrowing Date to (i) repurchase
and/or redeem Existing Debentures tendered pursuant to the Existing Debentures
Tender Offer, (ii) purchase all Existing Distributor Notes and refinance any
other indebtedness outstanding under the Existing Distributor Note Documents
and, (iii) to the extent any proceeds of the Term Loans remain after giving
effect thereto, such proceeds shall be used to consummate the Refinancing.
(b) All proceeds of Revolving Loans and Swingline Loans
shall be used for the Borrower's general corporate, capital expenditures and
working capital purposes, provided that up to, but not more than, $32,000,000 of
such proceeds may be utilized to finance the Transaction.
(c) Neither the making of any Loan nor the use of the
proceeds thereof nor the occurrence of any other Credit Event will violate or be
inconsistent with the provisions of Regulation T, U or X of the Board of
Governors of the Federal Reserve System.
(d) The fair market value of all Margin Stock owned by
the Borrower and its Subsidiaries does not exceed $1,000,000. At the time of
each Credit Event occurring on or after Initial Borrowing Date, not more than
25% of the value of the assets of the Borrower and its Subsidiaries taken as a
whole will constitute Margin Stock.
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7.09 Tax Returns and Payments. Each of the Borrower and
its Subsidiaries has filed with the appropriate taxing authority all return
statements, forms and reports for Taxes (the "Returns") required to be filed by
or with respect to the income, properties or operations of the Borrower and/or
any of its Subsidiaries. The Returns accurately reflect in all material respect
all liability for Taxes of each of the Borrower and its Subsidiaries for the
periods covered thereby. Each of the Borrower and its Subsidiaries have paid all
Taxes payable by them other than those contested in good faith and adequately
disclosed and for which adequate reserves have been established in accordance
with GAAP. There is no action, suit, proceeding, investigation, audit, or claim
now pending or threatened by any authority regarding any taxes relating to the
Borrower or any of its Subsidiaries which has had or would be reasonably
expected to have a Material Adverse Effect. Except as set forth on Schedule VIII
hereto, neither the Borrower nor any of its Subsidiaries has entered into an
agreement or waiver or been requested to enter into an agreement or waiver
extending any statute of limitations relating to the payment or collection of
taxes of the Borrower or any of its Subsidiaries, or is aware of any
circumstances that would cause the taxable years or other taxable periods of the
Borrower or any of its Subsidiaries not to be subject to the normally applicable
statute of limitations. None of the Borrower nor any of its Subsidiaries has
incurred, or will incur, any material tax liability in connection with the
Transaction or any other transaction contemplated hereby (it being understood
that the representation contained in this sentence does not cover any future
liabilities of the Borrower or any of its Subsidiaries arising as a result of
the operation of their respective businesses in the ordinary course of
business).
7.10 Compliance with ERISA. (i) Schedule VI sets forth
each Plan; each Plan (and each related trust, insurance contract or fund) is in
substantial compliance with its terms and with all applicable laws, including
without limitation ERISA and the Code; each Plan (and each related trust, if
any) which is intended to be qualified under Section 401(a) of the Code has
received a determination letter from the Internal Revenue Service to the effect
that it meets the requirements of Sections 401(a) and 501(a) of the Code and
will be submitted for a subsequent determination letter relating to the transfer
of the sponsorship to the Borrower; no Reportable Event has occurred (excluding
a Reportable Event which has been cured without material cost to the Borrower);
no Plan which is a multiemployer plan (as defined in Section 4001(a)(3) of
ERISA) is insolvent or in reorganization; no Plan has an Unfunded Current
Liability; no Plan which is subject to Section 412 of the Code or Section 302 of
ERISA has an accumulated funding deficiency, within the meaning of such sections
of the Code or ERISA, or has applied for or received a waiver of an accumulated
funding deficiency or an extension of any amortization period, within the
meaning of Section 412 of the Code or Section 303 or 304 of ERISA; all
contributions required to be made with respect to a Plan have been or will be
timely made (except as disclosed on Schedule VI); neither the Borrower nor any
of its Subsidiaries nor any ERISA Affiliate has incurred any material liability
(including any indirect, contingent or secondary liability) to or on account of
a Plan pursuant to Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069,
4201, 4204 or 4212 of ERISA or Section 401(a)(29), 4971 or 4975 of the Code or
expects to incur any such liability under any of the foregoing sections with
respect to any Plan; no condition exists which presents a material risk to the
Borrower or any of its Subsidiaries or any ERISA Affiliate of incurring a
liability to or on account of a Plan pursuant to the foregoing provisions of
ERISA and the Code; no proceedings have been instituted to
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terminate or appoint a trustee to administer any Plan which is subject to Title
IV of ERISA; no action, suit, proceeding, hearing, audit or investigation with
respect to the administration, operation or the investment of assets of any Plan
(other than routine claims for benefits) is pending, expected or threatened;
using actuarial assumptions and computation methods consistent with Part 1 of
subtitle E of Title IV of ERISA, the Borrower and its Subsidiaries and ERISA
Affiliates would have no liabilities to any Plans which are multiemployer plans
(as defined in Section 4001(a)(3) of ERISA) in the event of a complete
withdrawal therefrom; each group health plan (as defined in Section 607(1) of
ERISA or Section 4980B(g)(2) of the Code) which covers or has covered employees
or former employees of the Borrower, any of its Subsidiaries, or any ERISA
Affiliate has at all times been operated in compliance with the provisions of
Part 6 of subtitle B of Title I of ERISA and Section 4980B of the Code; no lien
imposed under the Code or ERISA on the assets of the Borrower or any of its
Subsidiaries or any ERISA Affiliate exists or is likely to arise on account of
any Plan; and the Borrower and its Subsidiaries may cease contributions to or
terminate any Employee Benefit Plan maintained by any of them without incurring
any material liability.
(ii) Each Foreign Pension Plan has been maintained in
substantial compliance with its terms and with the requirements of any and all
applicable laws, statutes, rules, regulations and orders and has been
maintained, where required, in good standing with applicable regulatory
authorities. All contributions required to be made with respect to a Foreign
Pension Plan have been or will be timely made. Neither the Borrower nor any of
its Subsidiaries has incurred any obligation in connection with the termination
of or withdrawal from any Foreign Pension Plan. The present value of the accrued
benefit liabilities (whether or not vested) under each Foreign Pension Plan,
determined as of the end of the Borrower's most recently ended fiscal year on
the basis of actuarial assumptions, each of which is reasonable, did not exceed
the current value of the assets of such Foreign Pension Plan allocable to such
benefit liabilities.
7.11 The Security Documents. The provisions of the
Security Documents are effective to create in favor of the Collateral Agent for
the benefit of the Secured Creditors a legal, valid and enforceable security
interest in all right, title and interest of the Credit Parties in the
Collateral described therein, and the Security Documents, upon the filing of
Form UCC-1 financing statements or the appropriate equivalent (which filings, if
this representation is being made more than 10 days after the Initial Borrowing
Date, have been made), create a fully perfected first priority lien on, and
security interest in, all right, title and interest in all of the Collateral
described therein, subject to no other Liens other than Permitted Liens.
7.12 Representations and Warranties in Documents. On the
Initial Borrowing Date, all representations and warranties made by the Borrower,
Flowers Industries and any of their respective Subsidiaries in the other
Documents were true and correct in all material respects at the time as of which
such representations and warranties were made (or deemed made).
7.13 Properties. The Borrower and its Subsidiaries have
good and valid title to all properties owned by them, including all property
reflected in the most recent pro forma balance sheet referred to in Section
7.05(b) (except as sold or otherwise disposed of since the
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date of such balance sheet in the ordinary course of business), free and clear
of all Liens, other than Permitted Liens permitted by Section 9.01.
7.14 Capitalization. On the Initial Borrowing Date and
after giving effect to the Transaction, (i) the authorized capital stock of the
Borrower shall consist of (x) 100,000,000 shares of common stock, $.01 par value
per share, of which approximately 20,000,000 shares are issued and outstanding,
(y) 900,000 shares of preferred stock, $.01 par value per share, none of which
shares are issued and outstanding and (z) 100,000 shares of Junior Participating
Series A Preferred Stock, $100 par value per share, none of which shares are
issued and outstanding, (ii) all outstanding shares of capital stock of the
Borrower have been duly and validly issued, are fully paid and nonassessable and
(iii) except for options or warrants to purchase shares of common stock of the
Borrower held by officers, directors and employees of the Borrower or any of its
Subsidiaries, the Borrower does not have outstanding any securities convertible
into or exchangeable for its capital stock or any rights to subscribe for or to
purchase, or any options for the purchase of, or any agreement providing for the
issuance (contingent or otherwise) of, or any calls, commitments or claims of
any character relating to, its capital stock.
7.15 Subsidiaries. After giving effect to the Transaction,
the Borrower will have no Subsidiaries other than (i) those Subsidiaries listed
on Schedule VII (which Schedule identifies the correct legal name, direct owner,
percentage ownership and jurisdiction of organization of each such Subsidiary on
the Initial Borrowing Date) and (ii) new Subsidiaries created in compliance with
Section 9.14.
7.16 Compliance with Statutes, etc. The Borrower and each
of its Subsidiaries is in compliance with all applicable statutes, regulations
and orders of, and all applicable restrictions imposed by, all governmental
bodies, domestic or foreign, in respect of the conduct of its business and the
ownership of its property (including applicable statutes, regulations, orders
and restrictions relating to environmental standards and controls), except such
noncompliances as have not had and would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.
7.17 Investment Company Act. Neither the Borrower, nor any
of its Subsidiaries, is an "investment company" or a company "controlled" by an
"investment company," within the meaning of the Investment Company Act of 1940,
as amended.
7.18 Public Utility Holding Company Act. Neither the
Borrower, nor any of its Subsidiaries, is a "holding company," or a "subsidiary
company" of a "holding company," or an "affiliate" of a "holding company" or of
a "subsidiary company" of a "holding company" within the meaning of the Public
Utility Holding Company Act of 1935, as amended.
7.19 Environmental Matters. (a) The Borrower and each of
its Subsidiaries has complied with, and on the date of each Credit Event will be
in compliance with, all applicable Environmental Laws and the requirements of
any permits issued under such Environmental Laws. There are no pending or, to
the best knowledge of the Borrower after due inquiry, past or threatened
Environmental Claims against the Borrower or any of its Subsidiaries or any Real
Property owned or operated by the Borrower or any of its Subsidiaries. There are
no facts,
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circumstances, conditions or occurrences in respect of the business or
operations of, or any Real Property at any time owned or operated or occupied
by, the Borrower or any of its Subsidiaries that, to the best knowledge of the
Borrower after due inquiry, could reasonably be expected (i) to form the basis
of an Environmental Claim against the Borrower or any of its Subsidiaries or any
such currently owned Real Property, or (ii) to cause any such currently owned
Real Property to be subject to any restrictions on the ownership, occupancy, use
or transferability of such Real Property by the Borrower or any of its
Subsidiaries under any applicable Environmental Law.
(b) Hazardous Materials have not at any time been
generated, used, treated or stored on, or transported to or from, any Real
Property owned or operated by the Borrower or any of its Subsidiaries where such
generation, use, treatment or storage has violated or could reasonably be
expected to violate any Environmental Law. Hazardous Materials, to the best
knowledge of the Borrower, have not been Released on or from any Real Property
owned or operated by the Borrower or any of its Subsidiaries where such Release
has violated or could reasonably be expected to violate any applicable
Environmental Law.
(c) Notwithstanding anything to the contrary in this
Section 7.19, the representations made in this Section 7.19 shall only be untrue
if the aggregate effect of all failures, restrictions and noncompliances of the
types described above has had, or would reasonably be expected to have, a
Material Adverse Effect.
7.20 Labor Relations. Neither the Borrower nor any of its
Subsidiaries is engaged in any unfair labor practice that could reasonably be
expected to have a material adverse effect on the Borrower and/or any of its
Subsidiaries taken as a whole and there is (i) no unfair labor practice
complaint pending against the Borrower or any of its Subsidiaries or, to the
best knowledge of the Borrower, threatened against any of them, before the
National Labor Relations Board, and no material grievance or arbitration
proceeding arising out of or under any collective bargaining agreement is so
pending against the Borrower or any of its Subsidiaries or, to the best
knowledge of the Borrower, threatened against any of them, (ii) no strike, labor
dispute, slowdown or stoppage pending against the Borrower or any of its
Subsidiaries or, to the best knowledge of the Borrower, threatened against the
Borrower or any of its Subsidiaries and (iii) to the best knowledge of the
Borrower, no union representation proceeding is pending with respect to the
employees of the Borrower or any of its Subsidiaries, except (with respect to
the matters specified in clause (i), (ii) or (iii) above) as have not had, and
would not, either individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect.
7.21 Patents, Licenses, Franchises and Formulas. Each of
the Borrower and its Subsidiaries owns or has valid licenses to use all material
patents, trademarks, permits, service marks, trade names, copyrights, licenses,
franchises and formulas, or rights with respect to the foregoing, and has
obtained assignments of all leases and other rights of whatever nature,
necessary for the present conduct of its business, without any known conflict
with the rights of others, except for such failures and conflicts which have not
had and would not, either individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.
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7.22 Indebtedness. (a) Section A of Schedule IV sets forth
a true and complete list of all Indebtedness (excluding the Loans and Letters of
Credit) of the Borrower and its Subsidiaries as of the Initial Borrowing Date,
which has an outstanding principal balance of $2,000,000 or more and which is to
remain outstanding after giving effect to the Transaction (excluding the
Obligations, the Lease Program, the Existing Debentures and the Smuckers Note,
the "Existing Indebtedness"), in each case showing the aggregate principal
amount thereof and the name of the respective borrower and any other entity
which directly or indirectly guaranteed such debt.
(b) Section B of Schedule IV sets forth a true and
complete list of all Indebtedness of Flowers Industries and its Subsidiaries
(other than Keebler and its Subsidiaries) to be refinanced pursuant to the
Refinancing (the "Indebtedness to be Refinanced"), in each case showing the
aggregate principal amount thereof, the name of the respective borrower and any
other entity which directly or indirectly guaranteed such Indebtedness and the
outstanding amount thereof on the Initial Borrowing Date (before giving effect
to the Transaction). Except for (x) Indebtedness which remains outstanding
pursuant to the Lease Program, the Smuckers Note and any Existing Indebtedness
and (y) Indebtedness of Keebler and its Subsidiaries with respect to which the
Borrower and its Subsidiaries have no liabilities, all Indebtedness of Flowers
Industries and its Subsidiaries (including the Borrower and its Subsidiaries)
which was outstanding immediately prior to the Initial Borrowing Date (and
before giving effect to the Transaction) (including, for this purpose, all Loans
and Notes (each as defined in the Existing Distributor Note Documents)
outstanding under the Existing Distributor Note Documents) shall constitute
Indebtedness to be Refinanced, which shall be repaid in full (or, in the case of
such Loans and Notes outstanding under the Existing Distributor Note Documents,
purchased by the Borrower) pursuant to the Refinancing.
7.23 Transaction. At the time of the consummation thereof,
the Transaction has been consummated in all material respects in accordance with
the terms of the respective Documents and all applicable laws. At the time of
consummation of the Transaction, all necessary material consents and approvals
of, and filings and registrations with, and all other actions in respect of, all
governmental agencies, authorities or instrumentalities required in order to
make or consummate the Transaction will have been obtained, given, filed or
taken and are or will be in full force and effect (or effective judicial relief
with respect thereto has been obtained). All applicable waiting periods with
respect thereto have or, prior to the time when required, will have, expired
without, in all such cases, any action being taken by any competent authority
which restrains, prevents, or imposes material adverse conditions upon the
Transaction. Additionally, there does not exist any judgment, order or
injunction prohibiting or imposing material adverse conditions upon the
Transaction, or the occurrence of any Credit Event or the performance by the
Borrower or any other Credit Party of their respective obligations under the
respective Credit Documents. All actions taken by the Borrower pursuant to or in
furtherance of the Transaction have been taken in all material respects in
compliance with the respective Documents and all applicable laws.
7.24 Insurance. Schedule V sets forth a true and complete
description of all insurance maintained by the Borrower and its Subsidiaries as
of the Initial Borrowing Date (after
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giving effect to the Transaction), with the amounts insured (and any
deductibles) set forth therein.
SECTION 8. Affirmative Covenants. The Borrower hereby
covenants and agrees that on and after the Effective Date and until the Total
Commitments and all Letters of Credit have terminated and the Loans, Notes and
Unpaid Drawings, together with interest, Fees and all other obligations incurred
hereunder and thereunder, are paid in full:
8.01 Information Covenants. The Borrower will furnish to
the Administrative Agent and each Lender:
(a) Period Reports. Within 30 days after the end
of each fiscal Period of the Borrower, the consolidated and
Consolidating balance sheets of the Borrower and its
Subsidiaries as at the end of such fiscal Period and the
related consolidated and Consolidating statements of income
and retained earnings and consolidated statements of cash
flows for such fiscal Period and for the elapsed portion of
the fiscal year ended with the last day of such fiscal Period,
in each case setting forth comparative figures for the
corresponding fiscal Period in the prior fiscal year, all of
which shall be certified by the chief financial officer or
Treasurer of the Borrower that they fairly present in all
material respects in accordance with generally accepted
accounting principles the financial condition of the Borrower
and its Subsidiaries as of the dates indicated and the results
of their operations for the periods indicated, subject to
normal year-end audit adjustments and the absence of
footnotes; provided that the Period reports otherwise required
by this clause (a) shall not be required to be furnished at
any time when the Indebtedness pursuant to this Agreement (or
any long-term unsecured debt of the Borrower) is rated at
least BB by S&P and at least Ba2 by Xxxxx'x.
(b) Quarterly Financial Statements. Within 45
days after the close of the first three fiscal quarters in
each fiscal year of the Borrower, (i) the consolidated and
Consolidating balance sheets of the Borrower and its
Subsidiaries as at the end of such quarterly accounting period
and the related consolidated and Consolidating statements of
income and retained earnings and consolidated statements of
cash flows, in each case for such quarterly accounting period
and for the elapsed portion of the fiscal year ended with the
last day of such quarterly accounting period, and in each
case, setting forth comparative figures for the related
periods in the prior fiscal year and the budgeted figures for
such quarterly periods as set forth in the respective budget
delivered pursuant to Section 8.01(e), all of which shall be
certified by the chief financial officer of the Borrower,
subject to normal year-end audit adjustments and (ii)
management's discussion and analysis of the important
operational and financial developments during the fiscal
quarter and year-to-date periods.
(c) Annual Financial Statements. Within 90 days
after the close of each fiscal year of the Borrower, (i) the
consolidated and Consolidating balance sheets of the Borrower
and its Subsidiaries as at the end of such fiscal year and the
related consolidated and Consolidating statements of income
and changes in stockholders' equity
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and consolidated statements of cash flows, in each case for
such fiscal year and setting forth comparative figures for the
preceding fiscal year and budgeted figures for such fiscal
year as set forth in the respective budget delivered pursuant
to Section 8.01(e), and certified (x) in the case of such
consolidated financial statements, by PricewaterhouseCoopers
LLP, or such other independent certified public accountants of
recognized national standing reasonably acceptable to the
Administrative Agent, and (y) in the case of such
Consolidating financial statements, by the chief financial
officer of the Borrower, and (ii) management's discussion and
analysis of the important operational and financial
developments during such fiscal year.
(d) Management Letters. Promptly after the
receipt thereof by the Borrower or any of its Subsidiaries, a
copy of any "management letter" issued to any such Person by
its certified public accountants and management's responses
thereto.
(e) Budgets. Within 45 days of the commencement
of each fiscal year of the Borrower, a budget of the Borrower
and its Subsidiaries in form satisfactory to the
Administrative Agent prepared by the Borrower for (x) each of
the four quarters of such fiscal year in detailed format and
(y) each of the three years immediately following such fiscal
year in summary format, in each case accompanied by the
statement of the chief financial officer of the Borrower to
the effect that, to the best of his or her knowledge, the
budget is a reasonable estimate for the periods covered
thereby.
(f) Officer's Certificates. At the time of the
delivery of the financial statements provided for in Section
8.01(b) and (c), (1) a certificate of the chief financial
officer of the Borrower to the effect that, to the best of
such officer's knowledge, no Default or Event of Default has
occurred and is continuing or, if any Default or Event of
Default has occurred and is continuing, specifying the nature
and extent thereof, which certificate shall set forth the
calculations required to establish whether the Borrower was in
compliance with the provisions of Sections 3.03(f), 4.02(d),
(e), (f) and (g) and 9.07 through 9.10, inclusive, at the end
of such fiscal quarter or year, as the case may be and (2) a
certificate of the general counsel, Chief Financial Officer or
Treasurer of the Borrower certifying that (i) there have been
no changes since the Initial Borrowing Date or, if later,
since the date of the most recent certificate delivered
pursuant to this Section 8.01(f)(2), to Schedule VII to this
Agreement or, if there have been any such changes, a list in
reasonable detail of such changes and a certification that the
Borrower and its Subsidiaries have taken all action required
by Sections 8.12 and 9.14 with respect to any new
Subsidiaries, and (ii) there have been no changes to Annexes A
through G of the Security Agreement and Annexes A through H of
the Pledge Agreement, in each case since the Initial Borrowing
Date or, if later, since the date of the most recent
certificate delivered pursuant to this Section 8.01(f)(2) or,
if there have been any such changes, a list in reasonable
detail of such changes and a certification that the Borrower
and its Subsidiaries have taken all action required by the
relevant Security Documents as a result of such changes so
that all security interests purported to be created pursuant
to such Security Documents continue to be fully perfected (to
the extent required by the Security Documents).
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(g) Notice of Default or Litigation. Promptly,
and in any event within three Business Days (or five Business
Days in the case of following clause (ii)) after the Borrower
obtains knowledge thereof, notice of (i) the occurrence of any
event which constitutes a Default or Event of Default and (ii)
any litigation or governmental investigation or proceeding
pending or threatened (x) against the Borrower or any of its
Subsidiaries which, if adversely determined, would reasonably
be expected to have a Material Adverse Effect or (y) with
respect to the Transaction or any Document.
(h) Other Reports and Filings. Promptly, copies
of all financial information, proxy materials and other
information and reports, if any, which the Borrower or any of
its Subsidiaries shall file with the Securities and Exchange
Commission (or any successor thereto).
(i) Environmental Matters. Promptly upon, and in
any event within ten Business Days after, the Borrower obtains
knowledge thereof, notice of any of the following
environmental matters occurring after the Initial Borrowing
Date, except to the extent that such environmental matters
have not had and would not, individually or in the aggregate,
be reasonably expected to have a Material Adverse Effect:
(i) any Environmental Claim pending or
threatened in writing against the Borrower or any of
its Subsidiaries or any Real Property owned or
operated or occupied by the Borrower or any of its
Subsidiaries;
(ii) any condition or occurrence on or
arising from any Real Property owned or operated or
occupied by the Borrower or any of its Subsidiaries
that (a) results in noncompliance by the Borrower or
such Subsidiary with any applicable Environmental Law
or (b) could reasonably be expected to form the basis
of an Environmental Claim against the Borrower or any
of its Subsidiaries or any such Real Property;
(iii) any condition or occurrence on any
Borrower or any of its Subsidiaries that could
reasonably be expected to cause such Real Property to
be subject to any restrictions on the ownership,
occupancy, use or transferability by the Borrower or
such Subsidiary of such Real Property under any
Environmental Law; and
(iv) the taking of any removal or
remedial action in response to the actual or alleged
presence of any Hazardous Material on any Real
Property owned or operated or occupied by the
Borrower or any of its Subsidiaries as required by
any Environmental Law or any governmental or other
administrative agency.
All such notices shall describe in reasonable detail the nature of the
claim, investigation, condition, occurrence or removal or remedial
action and the Borrower's or such Subsidiary's response thereto. In
addition, the Borrower will provide the Lenders with copies of all
material communications with any government or governmental agency and
all material communications with any Person relating to any
Environmental Claim of which
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notice is required to be given pursuant to this Section 8.01(i), and
such detailed reports of any such Environmental Claim as may reasonably
be requested by the Lenders; provided that, in any event, the Borrower
shall deliver to the Administrative Agent all material notices received
by the Borrower or any of its Subsidiaries from any government or
governmental agency under, or pursuant to, CERCLA.
(j) Annual Meetings with Lenders. At the request of the
Administrative Agent, the Borrower shall, within 120 days after the
close of each fiscal year of the Borrower, hold a meeting, at a
reasonable time and place selected by the Borrower and acceptable to
the Administrative Agent, with all of the Lenders at which meeting
shall be reviewed the financial results of the previous fiscal year and
the financial condition of the Borrower and its Subsidiaries and the
budgets presented for the current fiscal year of the Borrower and its
Subsidiaries.
(k) Other Information. From time to time, such other
information or documents (financial or otherwise) with respect to the
Borrower or its Subsidiaries as the Administrative Agent or the
Required Lenders may reasonably request in writing.
8.02 Books, Records and Inspections. The Borrower will, and will
cause each of its Subsidiaries to, keep proper books of record and account in
which full, true and correct entries in conformity with generally accepted
accounting principles and all requirements of law shall be made of all dealings
and transactions in relation to its business and activities. The Borrower will,
and will cause each of its Subsidiaries to, permit officers and designated
representatives of any of the Administrative Agent or any Lender to visit and
inspect, upon reasonable notice and during regular business hours and under
guidance of officers of the Borrower or any of its Subsidiaries, any of the
properties of the Borrower or its Subsidiaries, and to examine the books of
account of the Borrower or such Subsidiaries and discuss the affairs, finances
and accounts of the Borrower or such Subsidiaries with, and be advised as to the
same by, its and their officers and independent accountants, all upon reasonable
advance notice and at such reasonable times and intervals and to such reasonable
extent as the Administrative Agent or such Lender may request.
8.03 Maintenance of Property; Insurance. (a) The Borrower will, and
will cause each of its Subsidiaries to, (i) keep all property necessary to the
business of the Borrower and its Subsidiaries in good working order and
condition, ordinary wear and tear excepted, (ii) maintain with financially sound
and reputable insurance companies insurance on all such property and against
such risks as is consistent and in accordance with industry practice for
companies similarly situated owning similar properties and engaged in similar
businesses as the Borrower or any of its Subsidiaries operates, and (iii)
furnish to the Administrative Agent from time to time upon its request, full
information as to the insurance carried.
(b) The Borrower will, and will cause each of its Subsidiaries to,
at all times keep its property insured in favor of the Collateral Agent, and all
policies or certificates (or certified copies thereof) with respect to such
insurance (and any other insurance maintained by the Borrower and/or such
Subsidiaries) (i) shall be endorsed to the Collateral Agent's satisfaction for
the benefit of the Collateral Agent (including, without limitation, by naming
the Collateral Agent
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as loss payee and/or additional insured) and (ii) shall state that such
insurance policies shall not be canceled without at least 30 days' prior written
notice thereof by the respective insurer to the Collateral Agent, and shall
provide that the respective insurers irrevocably waive any and all rights of
subrogation with respect to the Collateral Agent and the other Secured
Creditors.
(c) If the Borrower or any of its Subsidiaries shall fail to
maintain insurance in accordance with this Section 8.03, or if the Borrower or
any of its Subsidiaries shall fail to so endorse and deposit all policies or
certificates with respect thereto, the Administrative Agent shall have the right
(but shall be under no obligation) to procure such insurance and the Borrower
agrees to reimburse the Administrative Agent for all reasonable costs and
expenses of procuring such insurance.
8.04 Rights; Franchises; etc. The Borrower will, and will cause
each of its Subsidiaries, to do or cause to be done, all things necessary to
preserve and keep in full force and effect its existence and its material
rights, franchises, licenses and patents used in its business; provided,
however, that nothing in this Section 8.04 shall prevent (i) sales of assets,
consolidations or mergers by or involving the Borrower or any of its
Subsidiaries which are permitted in accordance with Section 9.02, (ii) the
withdrawal by the Borrower or any of its Subsidiaries of their qualification as
a foreign corporation in any jurisdiction where such withdrawal has not had, and
would not reasonably be expected to have, a Material Adverse Effect or (iii) the
abandonment by the Borrower or any of its Subsidiaries of any rights,
franchises, licenses and patents that the Borrower reasonably determine are not
useful to or needed in its or their business, as the case may be.
8.05 Compliance with Statutes, etc. The Borrower will, and will
cause each of its Subsidiaries to, comply with all applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, all
governmental bodies, domestic or foreign, in respect of the conduct of its
business and the ownership of its property, except such non-compliances as have
not had and would not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect.
8.06 Compliance with Environmental Laws. The Borrower will, and
will cause each of its Subsidiaries to, comply with all Environmental Laws
applicable to the Borrower and its Subsidiaries (and the respective businesses
conducted by them) and the ownership or use of any Real Property now or
hereafter owned or operated by the Borrower or any of its Subsidiaries, and will
within a reasonable time period pay or cause to be paid all costs and expenses
incurred in connection with such compliance (except to the extent being
contested in good faith). Furthermore, neither the Borrower nor any of its
Subsidiaries will generate, use, treat, store, release or dispose of, or permit
the generation, use, treatment, storage, release or disposal of, Hazardous
Materials on any Real Property now or hereafter owned or operated or occupied by
the Borrower or any of its Subsidiaries, or transport or permit the
transportation of Hazardous Materials to or from any such Real Property.
Notwithstanding anything to the contrary contained above, the covenant contained
above in this Section 8.06 shall only be violated if the aggregate effect of all
failures and noncompliances with respect to the matters described above in this
Section 8.06 has had, or would reasonably be expected to have, a Material
Adverse Effect.
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8.07 ERISA. As soon as possible and, in any event, within ten (10)
days after the Borrower or any of its Subsidiaries or any ERISA Affiliate knows
or has reason to know of the occurrence of any of the following, the Borrower
will deliver to each of the Lenders a certificate of the senior financial
officer of the Borrower setting forth the full details as to such occurrence and
the action, if any, that the Borrower, such Subsidiary or such ERISA Affiliate
is required or proposes to take, together with any notices required or proposed
to be given to or filed with or by the Borrower, the Subsidiary, the ERISA
Affiliate, the PBGC (or any other governmental agency), a Plan participant or
the Plan administrator and any notices received by the Borrower, such Subsidiary
or such ERISA Affiliate from the PBGC (or any other governmental agency), or a
Plan participant with respect thereto: that a Reportable Event has occurred
(except to the extent that the Borrower has previously delivered to the Lenders
a certificate and notices (if any) concerning such event pursuant to the next
clause hereof); that a contributing sponsor (as defined in Section 4001(a)(13)
of ERISA) of a Plan subject to Title IV of ERISA is subject to the advance
reporting requirement of PBGC Regulation Section 4043.61 (without regard to
subparagraph (b)(1) thereof), and an event described in subsection .62, .63,
.64, .65, .66, .67 or .68 of PBGC Regulation Section 4043 is reasonably expected
to occur with respect to such Plan within the following 30 days; that an
accumulated funding deficiency, within the meaning of Section 412 of the Code or
Section 302 of ERISA, has been incurred or an application may be or has been
made for a waiver or modification of the minimum funding standard (including any
required installment payments) or an extension of any amortization period under
Section 412 of the Code or Section 303 or 304 of ERISA with respect to a Plan;
that any contribution required to be made with respect to a Plan or Foreign
Pension Plan has not been timely made; that a Plan has been or may be
terminated, reorganized, partitioned or declared insolvent under Title IV of
ERISA; that a Plan has an Unfunded Current Liability; that proceedings may be or
have been instituted to terminate or appoint a trustee to administer a Plan
which is subject to Title IV of ERISA; that a proceeding has been instituted
pursuant to Section 515 of ERISA to collect a delinquent contribution to a Plan;
that the Borrower, any of its Subsidiaries or any ERISA Affiliate will or may
incur any liability (including any indirect, contingent, or secondary liability)
to or on account of the termination of or withdrawal from a Plan under Section
4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or with respect to a Plan
under Section 401(a)(29), 4971, 4975 or 4980 of the Code or Section 409 or
502(i) or 502(l) of ERISA or with respect to a group health plan (as defined in
Section 607(1) of ERISA or Section 4980B(g)(2) of the Code) under Section 4980B
of the Code; or that the Borrower, or any of its Subsidiaries may incur any
material liability pursuant to any employee welfare benefit plan (as defined in
Section 3(1) of ERISA) that provides benefits to retired employees or other
former employees (other than as required by Section 601 of ERISA) or any Plan or
any Foreign Pension Plan. The Borrower will deliver to any of the Lenders (i) a
complete copy of the annual report (on Internal Revenue Service Form
5500-series) of each Plan (including, to the extent required, the related
financial and actuarial statements and opinions and other supporting statements,
certifications, schedules and information) required to be filed with the
Internal Revenue Service and (ii) copies of any records, documents or other
information that must be furnished to the PBGC with respect to any Plan pursuant
to Section 4010 of ERISA. In addition to any certificates or notices delivered
to the Lenders pursuant to the first sentence hereof, copies of annual reports
and any records, documents or other information required to be furnished to the
PBGC (or any other governmental agency), and any material notices received by
the Borrower, any of its Subsidiaries or any
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ERISA Affiliate with respect to any Plan or Foreign Pension Plan shall be
delivered to the Lenders no later than ten (10) days after the date such annual
report has been filed with the Internal Revenue Service or such records,
documents and/or information has been furnished to the PBGC (or any other
governmental agency) or such notice has been received by the Borrower, such
Subsidiary or such ERISA Affiliate, as applicable. The Borrower and each of its
applicable Subsidiaries shall ensure that all Foreign Pension Plans administered
by it or into which it makes payments obtains or retains (as applicable)
registered status under and as required by applicable law and is administered in
a timely manner in all respects in compliance with all applicable laws, except
where the failure to do any of the foregoing has not had, and would not be
reasonably likely to result in a Material Adverse Effect.
8.08 End of Fiscal Years; Fiscal Quarters. The Borrower shall cause
(i) each of its, and each of its Subsidiaries', fiscal years to end on the
Saturday closest to December 31 of each year and (ii) each of its, and each of
its Subsidiaries', fiscal quarters to end on the date which is sixteen weeks
after the last day of the previous fiscal year, twenty-eight weeks after the
last day of the previous fiscal year, forty weeks after the last day of the
previous fiscal year, or fifty-two weeks after the last day of the previous
fiscal year.
8.09 Performance of Obligations. The Borrower will, and will cause
each of its Subsidiaries to, perform in all material respects all of its
obligations under the terms of each mortgage, indenture, security agreement and
other debt instrument by which it is bound.
8.10 Payment of Taxes. The Borrower will pay and discharge, and
will cause each of its Subsidiaries to pay and discharge, all Taxes imposed upon
it or upon its income or profits, or upon any properties belonging to it, in
each case on a timely basis and all lawful claims which, if unpaid, might become
a Lien or charge upon any properties of the Borrower or any of its Subsidiaries
not otherwise permitted under Section 9.01(i), provided that neither the
Borrower nor any of its Subsidiaries shall be required to pay any such tax,
assessment, charge, levy or claim which is being contested in good faith and by
proper proceedings if it has maintained adequate reserves with respect thereto
in accordance with GAAP.
8.11 Ownership of Subsidiaries. Except as otherwise reflected on
Schedule VII and for Non-Wholly Owned Entities permitted to be acquired pursuant
to Section 9.05(v), the Borrower shall, directly or indirectly own 100% of the
capital stock or other equity interests of each of its Subsidiaries.
8.12 Additional Security; Further Assurances. (a) The Borrower
will, and will cause each of its Domestic Wholly-Owned Subsidiaries to, at the
expense of the Borrower, make, execute, endorse, acknowledge, file and/or
deliver to the Collateral Agent from time to time such vouchers, invoices,
schedules, confirmatory assignments, conveyances, financing statements, transfer
endorsements, powers of attorney, certificates, reports and other assurances or
instruments and take such further steps relating to the Collateral covered by
any of the Security Documents as the Collateral Agent may reasonably require
pursuant to this Section 8.12. Additionally, upon the request of the Collateral
Agent or the Required Lenders, the Borrower shall take, or cause to be taken,
such action as may be requested in order to perfect (or maintain the
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perfection of) the security interests (or take any analogous actions under the
applicable provisions of local law in order to protect such security interests)
in any Collateral owned by the Borrower or any Subsidiary Guarantor and located
outside the U.S., in each case to the extent such actions are permitted to be
taken under the laws of the applicable jurisdictions; provided that the Borrower
and its Subsidiaries shall not be required to take any action otherwise required
by this Section 8.12(a) in respect of the Excluded Mexico Assets. Furthermore,
the Borrower shall cause to be delivered to the Collateral Agent such opinions
of counsel and other related documents as may be reasonably requested by the
Collateral Agent to assure itself that this Section 8.12 has been complied with.
(b) The Borrower agrees to cause each Domestic Wholly-Owned
Subsidiary established or created in accordance with Section 9.14 to execute and
deliver a counterpart (and if requested by the Administrative Agent or
Collateral Agent, an assumption agreement in the form contemplated by the
respective Credit Document) to the Subsidiaries Guaranty, the Pledge Agreement
and the Security Agreement.
(c) The Borrower agrees to pledge and (to the extent certificated)
deliver, or cause to be pledged and (to the extent certificated) delivered, all
of the capital stock (accompanied, if certificated, by executed and undated
stock powers) of each new Subsidiary (excluding that portion of the voting stock
of any Foreign Subsidiary which would be in excess of 65% of the total
outstanding voting stock of such Foreign Subsidiary) established created or
acquired after the Initial Borrowing Date, to the extent owned by the Borrower
or any Domestic Wholly-Owned Subsidiary, to the Collateral Agent for the benefit
of the Secured Creditors pursuant to the Pledge Agreement.
(d) The Borrower will cause each Domestic Wholly-Owned Subsidiary
established or created in accordance with Section 9.14 to grant to the
Collateral Agent a first priority Lien (subject only to Permitted Liens) on the
personal property (tangible and intangible) of such Subsidiary to the extent and
upon terms and with exceptions similar to those set forth in the Security
Documents, as appropriate, and satisfactory in form and substance to the
Collateral Agent and the Required Lenders. The Borrower shall cause each such
Domestic Wholly-Owned Subsidiary, at its own expense, to execute, acknowledge
and deliver, or cause the execution, acknowledgment and delivery of, and
thereafter register, file or record in any appropriate governmental office, any
document or instrument reasonably deemed by the Collateral Agent to be necessary
or desirable for the creation and perfection of the foregoing Liens. The
Borrower will cause each of such Domestic Wholly-Owned Subsidiaries to take all
actions reasonably requested by the Administrative Agent (including, without
limitation, the filing of UCC-1's) in connection with the granting of such
security interests.
(e) The security interests required to be granted pursuant to this
Section 8.12 shall be granted pursuant to security documentation (which shall be
substantially similar to the Security Documents executed and delivered by the
Borrower and its Subsidiaries, as applicable, on the Effective Date) reasonably
satisfactory in form and substance to the Collateral Agent and shall constitute
valid and enforceable perfected security interests subject to no other Liens
except such Liens as are permitted by Section 9.01. The Additional Security
Documents and other
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instruments related thereto shall be duly recorded or filed in such manner and
in such places and at such times as are required by law to establish, perfect,
preserve and protect the Liens, in favor of the Collateral Agent for the benefit
of the respective Secured Creditors, required to be granted pursuant to the
Additional Security Documents and all taxes, fees and other charges payable in
connection therewith shall be paid in full by the Borrower. At the time of the
execution and delivery of the Additional Security Documents, the Borrower shall
cause to be delivered to the Collateral Agent such opinions of counsel and other
related documents as may be reasonably requested by the Administrative Agent or
the Required Lenders to assure themselves that this Section 8.12 has been
complied with.
(f) The Borrower agrees that each action required above by Section
8.12(b) shall be completed as soon as possible, but in no event later than 30
days after such action is requested to be taken by the Administrative Agent or
the Required Lenders. The Borrower further agrees that each action required by
Section 8.12(b), (c), (d) and (e) with respect to the creation or acquisition of
a new Subsidiary shall be completed contemporaneously with (or, in the case of
any documents or instruments to be registered, filed or recorded, within 10 days
of) the creation or acquisition of such new Subsidiary.
8.13 Use of Proceeds. The Borrower will use the proceeds of the
Loans only as provided in Section 7.08.
8.14 Margin Regulations. The Borrower shall take all actions so
that at all times the fair market value of all Margin Stock owned by the
Borrower and its Subsidiaries shall not exceed $1,000,000. So long as the
covenant contained in the immediately preceding sentence is complied with, all
Margin Stock at any time owned by the Borrower and its Subsidiaries shall not
constitute Collateral and no security interest shall be granted therein pursuant
to any Credit Document. Without excusing any violation of the first sentence of
this Section 8.14, if at any time the fair market value of all Margin Stock
owned by the Borrower and its Subsidiaries exceeds $1,000,000, then (x) all
Margin Stock owned by the Credit Parties shall be pledged, and delivered for
pledge, pursuant to the Pledge Agreement and (y) the Borrower shall execute and
deliver to the Lenders appropriate completed forms (including, without
limitation, Forms G-3 and U-1, as appropriate) establishing compliance with the
Margin Regulations. If at any time any Margin Stock is required to be pledged as
a result of the provisions of the immediately preceding sentence, repayments of
outstanding Obligations shall be required, and subsequent Credit Events shall be
permitted, only in compliance with the applicable provisions of the Margin
Regulations.
SECTION 9. Negative Covenants. The Borrower hereby covenants and
agrees that on and after the Effective Date and until the Total Commitments and
all Letters of Credit have terminated and the Loans, Notes and Unpaid Drawings,
together with interest, Fees and all other Obligations incurred hereunder and
thereunder, are paid in full:
9.01 Liens. The Borrower will not, and will not permit any of its
Subsidiaries to, create, incur, assume or suffer to exist any Lien upon or with
respect to any property or assets (real or personal, tangible or intangible) of
the Borrower or any of its Subsidiaries, whether now
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owned or hereafter acquired, or sell any such property or assets subject to an
understanding or agreement, contingent or otherwise, to repurchase such property
or assets (including sales of accounts receivable with recourse to the Borrower
or any of its Subsidiaries), or assign any right to receive income or permit the
filing of any financing statement under the UCC or any other similar notice of
Lien under any similar recording or notice statute; provided that the provisions
of this Section 9.01 shall not prevent the creation, incurrence, assumption or
existence of the following (Liens described below are herein referred to as
"Permitted Liens"):
(i) inchoate Liens for taxes, assessments or governmental
charges or levies not yet delinquent or Liens for taxes, assessments or
governmental charges or levies being contested in good faith and by
appropriate proceedings for which adequate reserves have been
established in accordance with generally accepted accounting principles
in the United States (or the equivalent thereof in any country in which
a Foreign Subsidiary is doing business, as applicable);
(ii) Liens in respect of property or assets of the
Borrower or any of its Subsidiaries imposed by law, which were incurred
in the ordinary course of business and do not secure Indebtedness for
borrowed money, such as carriers', warehousemen's, materialmen's and
mechanics' liens and other similar Liens arising in the ordinary course
of business, and (x) which do not in the aggregate materially detract
from the value of the property or assets of the Borrower or such
Subsidiary and do not materially impair the use thereof in the
operation of the business of the Borrower or such Subsidiary or (y)
which are being contested in good faith by appropriate proceedings,
which proceedings (or orders entered in connection with such
proceedings) have the effect of preventing the forfeiture or sale of
the property or assets subject to any such Lien;
(iii) Liens in existence on the Effective Date which are
listed, and the property subject thereto described, in Schedule III,
without giving effect to any renewals, replacements or extensions of
such Liens;
(iv) Liens on property or assets acquired pursuant to a
Permitted Acquisition, or on property or assets of a Subsidiary of the
Borrower in existence at the time such Subsidiary is acquired pursuant
to a Permitted Acquisition, provided that (x) any Indebtedness that is
secured by such Liens is permitted to exist under Section 9.04, and (y)
such Liens are not incurred in connection with, or in contemplation or
anticipation of, such Permitted Acquisition and do not attach to any
other asset of the Borrower or any of its Subsidiaries;
(v) Liens created pursuant to the Security Documents;
(vi) licenses, leases or subleases granted to other
Persons in the ordinary course of business not materially interfering
with the conduct of the business of the Borrower or any of its
Subsidiaries;
(vii) Liens placed upon assets used in the ordinary course
of business of the Borrower or
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any of its Subsidiaries at the time of acquisition thereof by the
Borrower or any such Subsidiary or within 90 days thereafter to secure
Indebtedness incurred to pay all or a portion of the purchase price
thereof, provided that (x) the aggregate outstanding principal amount
of all Indebtedness secured by Liens permitted by this clause (vii)
shall not at any time exceed the amount of such Indebtedness permitted
by Section 9.04(iv) and (y) the Lien encumbering the assets so acquired
does not encumber any other asset (other than proceeds thereof) of the
Borrower or such Subsidiary;
(viii) Liens upon assets of the Borrower or any of its
Subsidiaries subject to Capitalized Lease Obligations to the extent
such Capitalized Lease Obligations are permitted by Section 9.04(iv),
provided that (x) such Liens only serve to secure the payment of
Indebtedness arising under such Capitalized Lease Obligation and (y)
the Lien encumbering the asset giving rise to the Capitalized Lease
Obligation does not encumber any other asset of the Borrower or any
Subsidiary of the Borrower;
(ix) easements, rights-of-way, zoning restrictions and
other similar charges or encumbrances, and minor title deficiencies, in
each case whether now or hereafter in existence, not securing
Indebtedness and not materially interfering with the conduct of the
business of the Borrower or any of its Subsidiaries;
(x) Liens arising from the rights of lessors under
operating leases entered into by the Borrower or any of its
Subsidiaries in the ordinary course of business;
(xi) Liens arising out of judgments, awards, decrees or
attachments with respect to which the Borrower or any of its
Subsidiaries shall in good faith be prosecuting an appeal or
proceedings for review, provided that (x) the aggregate amount of all
such judgments, awards, decrees or attachments shall not constitute an
Event of Default under Section 10.09 and (y) no cash or other property
shall be pledged by the Borrower or any of its Subsidiaries as security
therefor;
(xii) statutory and common law landlords' liens (or
contractual landlords' liens which are limited solely to the leased
premises which are the subject of such contract and fixtures thereon)
under leases or subleases to which the Borrower or any of its
Subsidiaries is a party;
(xiii) Liens (other than any Lien imposed by ERISA) incurred
or deposits made in the ordinary course of business in connection with
(x) workers' compensation, unemployment insurance and other types of
social security and (y) the performance of tenders, statutory
obligations (other than excise taxes), surety, stay, customs and appeal
bonds, statutory bonds, bids, leases, government contracts, trade
contracts, performance and return of money bonds and other similar
obligations (exclusive of obligations for the payment of borrowed
money) and securing liability for premiums to insurance carriers,
provided that the aggregate value of all cash and property at any time
encumbered pursuant to clause (y) of this clause (xiii) shall not
exceed $5,000,000;
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(xiv) any interest or title of a lessor, sublessor,
franchisor, licensee, licensor or similar party under any operating
lease, franchise agreement, license agreement or similar agreement;
(xv) Liens created pursuant to the Lease Program Documents
(or any Permitted Lease Refinancing) on Equipment (as defined in the
Lease Program Documents) leased thereunder and related assets to the
extent described in Section 13(b) of Master Lease as such section is in
effect on the Effective Date (but not any other assets of the Borrower
and its Subsidiaries), provided that (x) the aggregate outstanding
principal amount of all Indebtedness secured by Liens permitted by this
clause (xv) shall not at any time exceed the amount of such
Indebtedness permitted by Section 9.04(vi) and (y) the equipment and
other assets subject to Liens permitted pursuant to this clause (xv)
shall in no event be located in more than four separate facilities of
the Borrower and its Subsidiaries;
(xvi) Liens securing Indebtedness pursuant to industrial
revenue bonds permitted pursuant to Section 9.04(x), provided that such
Liens shall not attach to any assets of the Borrower or any of its
Subsidiaries other than the respective Real Property which is the
subject of such industrial revenue bond issuance; and
(xvii) Liens not otherwise permitted pursuant to this
Section 9.01 which secure obligations permitted under this Agreement
not exceeding $7,000,000 in the aggregate at any time outstanding and
which apply to property and/or assets (but not to any Pledge Agreement
Collateral) with an aggregate fair market value (as determined by the
Borrower in good faith) not to exceed at any time the amount referenced
above in this clause.
In connection with the granting of Liens described above in this Section 9.01 by
the Borrower of any of its Subsidiaries, the Administrative Agent and the
Collateral Agent shall be authorized to take any actions deemed appropriate by
it in connection therewith (including, without limitation, by executing
appropriate lien releases or lien subordination agreements in favor of the
holder or holders of such Liens, in respect of the item or items of equipment or
other assets subject to such Liens).
9.02 Consolidation, Merger, Purchase or Sale of Assets, etc. The
Borrower will not, and will not permit any of its Subsidiaries to, wind up,
liquidate or dissolve its affairs or enter into any transaction of merger or
consolidation, or convey, sell, lease or otherwise dispose of (or agree to do
any of the foregoing at any future time) all or any part of its property or
assets, or enter into any sale-leaseback transactions, except that:
(i) the Borrower and each of its Subsidiaries may (x) in
the ordinary course of business, sell, lease or otherwise dispose of
any assets which, in the reasonable judgment of such Person, are
obsolete, worn out or otherwise no longer useful in the conduct of such
Person's business, provided that the aggregate fair market value (as
determined in good faith by the Borrower) of all assets subject to
sales, leases or other dispositions effected in any fiscal year of the
Borrower pursuant to this clause (x) shall not exceed $5,000,000, (y)
sell or otherwise dispose of other assets (other than the Equity
Interests of any Subsidiary of the Borrower unless such sale
constitutes a sale of 100% of the Equity
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Interests of such Subsidiary owned by the Borrower and its
Subsidiaries), provided that (1) the Borrower or the respective
Subsidiary selling or disposing of assets pursuant to this clause (y)
receives consideration therefor which, in the good faith judgment of
the Borrower, is at least equal to the fair market value of the assets
being sold or disposed of and which consideration consists at least 75%
of cash (determined by taking the amount of cash and the fair market
value, as reasonably determined by the Borrower in good faith, of all
non-cash collateral) and (2) the aggregate fair market value (as
determined in good faith by the Borrower) of all assets subject to
sales, leases or other dispositions effected in any fiscal year of the
Borrower pursuant to this clause (y) shall not exceed $15,000,000 (or
$35,000,000 in the case of the fiscal year of the Borrower ended
closest to December 31, 2001) and (z) sell, in the ordinary course of
business, homes acquired in accordance with Section 9.05(iii); provided
further, that the Net Asset Sale Proceeds of all asset sales effected
pursuant to this Section 9.02(i) shall be required to be applied and/or
reinvested as (and to the extent) required by Section 4.02(e);
(ii) the Borrower and each of its Subsidiaries may lease
(as lessee) real or personal property in the ordinary course of
business (so long as any such lease does not create a Capitalized Lease
Obligation not permitted by Section 9.04);
(iii) the Borrower and each of its Subsidiaries may make
sales or transfers of inventory in the ordinary course of business;
(iv) the Borrower and its Subsidiaries may sell or
discount, in each case without recourse and in the ordinary course of
business, overdue accounts receivable arising in the ordinary course of
business, but only in connection with the compromise or collection
thereof consistent with customary industry practice (and not as part of
any bulk sale);
(v) licenses or sublicenses by the Borrower and its
Subsidiaries of software, trademarks and other intellectual property in
the ordinary course of business and which do not materially interfere
with the business of the Borrower or any of its Subsidiaries shall be
permitted;
(vi) the Transaction shall be permitted;
(vii) the Borrower or any Domestic Wholly-Owned Subsidiary
of the Borrower may transfer assets to or lease to or acquire or lease
assets from the Borrower or any other Domestic Wholly-Owned Subsidiary
of the Borrower, or any Domestic Wholly-Owned Subsidiary of the
Borrower may be merged into the Borrower (so long as the Borrower is
the surviving entity of such merger) or any other Domestic Wholly-Owned
Subsidiary of the Borrower, or any Foreign Subsidiary of the Borrower
may transfer assets to the Borrower or any Domestic Wholly-Owned
Subsidiary of the Borrower, or any Foreign Subsidiary of the Borrower
which is a Wholly-Owned Subsidiary may merge with any other Foreign
Subsidiary of the Borrower which is a Wholly-Owned Subsidiary;
(viii) the Borrower and its Subsidiaries may sell
distribution rights to distributors of the
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Borrower and its Subsidiaries (whether or not such distributor was a
distributor of the Borrower and/or its Subsidiaries prior to giving
effect of such sale) in the ordinary course of business;
(ix) the Borrower and its Subsidiaries may enter into
sale-leaseback transactions in accordance with the Lease Program
Documents so long as the Borrower and/or its respective Subsidiaries
receive cash in an amount equal to at least 90% of the fair market
value (as determined in good faith by the Borrower) of all assets
subject thereto (it being understood that, in accordance with the terms
of the Lease Program Documents, one or more substitutions of Equipment
(as defined in the Lease Program Documents) may be made for Equipment
theretofore subject to the Lease Program Documents, although any sales
of assets by the Borrower and its Subsidiaries which were theretofore
subject to the Lease Program Documents shall be required to be
justified pursuant to the provisions of Section 9.02(i) and (to the
extent applicable) applied in accordance with the requirements of
Section 4.02(e));
(x) the Borrower and its Subsidiaries may effect one or
more Permitted Bakery Swaps; and
(xi) the Borrower and its Subsidiaries may enter into
agreements to effect transactions which are permitted pursuant to the
provisions of the preceding clauses (i) through (x), and may also enter
into agreements to effect transactions which are not permitted pursuant
to the provisions of preceding clauses (i) through (x); provided that
in the case of any such agreements with respect to transactions which
are not permitted pursuant to the provisions of preceding clauses (i)
through (x) the respective agreement shall expressly provide that it is
terminable by the Borrower or its respective Subsidiary which entered
into such agreement (without payment of break-up, termination or any
similar fees or damages payable by the Borrower or any of its
Subsidiaries (calculated according to the maximum amount thereof
payable in accordance with the terms of such agreement) in excess of
$10,000,000) in the event that the Required Lenders do not approve in
writing the respective transaction (or the Borrower is unable to
refinance all Indebtedness pursuant to this Agreement if such consent
is not obtained).
To the extent the Required Lenders waive the provisions of this Section 9.02
with respect to the sale of any Collateral, or any Collateral is sold as
permitted by this Section 9.02, such Collateral (unless sold to the Borrower or
a Subsidiary of the Borrower) shall be sold free and clear of the Liens created
by the Security Documents, and the Administrative Agent and Collateral Agent
shall be authorized to take any actions deemed appropriate in order to effect
the foregoing.
9.03 Dividends. The Borrower shall not, and shall not permit any of
its Subsidiaries to, authorize, declare or pay any Dividends with respect to the
Borrower or any of its Subsidiaries, except that:
(i) any Subsidiary of the Borrower (x) may pay Dividends
to the Borrower or any Subsidiary Guarantor which is a Wholly-Owned
Subsidiary and (y) if the respective Subsidiary is not a Wholly-Owned
Subsidiary of the Borrower, such Subsidiary may pay cash dividends to
its shareholders generally so long as the Borrower and/or its
respective
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Subsidiaries which own Equity Interests in the Subsidiary paying such
Dividends receive at least their proportionate share thereof (based
upon their relative holdings of the Equity Interests in the Subsidiary
paying such Dividends and taking into account the relative preferences,
if any, of the various classes of Equity Interests of such Subsidiary);
(ii) so long as there shall exist no Default or Event of
Default (both before and after giving effect to the payment thereof),
the Borrower may repurchase its outstanding Equity Interests (or
options to purchase such Equity Interests) theretofore held by the
respective employees, officers or directors following the death,
disability, retirement or termination of employment of employees,
officers or directors of the Borrower or any of its Subsidiaries,
provided that the aggregate amount expended to so repurchase Equity
Interests (or options therefor) of the Borrower shall not exceed
$2,000,000 in any fiscal year of the Borrower;
(iii) so long as there shall exist no Default or Event of
Default (both before and after giving effect to the payment thereof),
commencing with the Borrower's fiscal year ending closest to December
31, 2002, the Borrower may pay cash dividends to its shareholders in an
aggregate amount not to exceed $5,000,000 in any fiscal year of the
Borrower;
(iv) the Transaction shall be permitted; and
(v) so long as there shall exist no Default or Event of
Default (both before and after giving effect to the payment thereof),
the Borrower may pay additional cash Dividends (whether as dividends to
shareholders or through repurchases of its Equity Interests) with
amounts which, at the time of the payment of such Dividends, do not
exceed the Cumulative Retained Excess Cash Flow Amount as then in
effect, so long as, immediately after giving effect to the payment of
any such Dividend, (x) the Total Unutilized Revolving Loan Commitment
shall equal or exceed $50,000,000 and (y) the Leverage Ratio shall be
less than or equal to 2.5:1.0.
9.04 Indebtedness. The Borrower will not, and will not permit any
of its Subsidiaries to, contract, create, incur, assume or suffer to exist any
Indebtedness, except:
(i) Indebtedness incurred pursuant to this Agreement and
the other Credit Documents;
(ii) Existing Indebtedness shall be permitted to the
extent actually outstanding on the Initial Borrowing Date and as the
same is listed on Section A of Schedule IV, without giving effect to
any refinancings or renewals thereof;
(iii) Indebtedness under (x) Interest Rate Protection
Agreements which are non-speculative in nature and are entered into to
protect the Borrower and/or its Subsidiaries against fluctuations in
interest rates in respect of floating rate Indebtedness outstanding at
the time the respective Interest Rate Protection Agreements are entered
into, which floating rate Indebtedness is otherwise permitted to remain
outstanding or be incurred, as the
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case may be, pursuant to this Section 9.04 and (y) Indebtedness
evidenced by Other Hedging Agreements entered into pursuant to Section
9.05(iv);
(iv)(x) purchase money Indebtedness subject to Liens
permitted under Section 9.01(vii) and (y) Indebtedness of the Borrower
and its Subsidiaries evidenced by Capitalized Lease Obligations (other
than Capitalized Lease Obligations in respect of the Lease Program), so
long as the aggregate outstanding amount of such Indebtedness pursuant
to this clause (iv) does not exceed $15,000,000 at any time
outstanding;
(v) intercompany Indebtedness of the Borrower and its
Subsidiaries to the extent permitted by Section 9.05(vi);
(vi) (x) Indebtedness of the Borrower and its Subsidiaries
evidenced by Capitalized Lease Obligations incurred pursuant to the
Lease Program or any Permitted Lease Refinancing, whether outstanding
on the Initial Borrowing Date pursuant to the Lease Program or incurred
from time to time thereafter pursuant to the Lease Program or any
Permitted Lease Refinancing (so long as any Capital Expenditures made
in connection therewith after the Initial Borrowing Date are permitted
pursuant to Section 9.07); provided that in no event shall the
aggregate principal amount of Capitalized Lease Obligations permitted
by this clause (vi) exceed $80,000,000 at any time outstanding;
(vii) Indebtedness assumed by the Borrower or any of its
Subsidiaries in connection with a Permitted Acquisition, provided that
(x) such Indebtedness was not incurred in connection with or in
contemplation of such Permitted Acquisition and (y) the aggregate
principal amount of such Indebtedness incurred or assumed in any fiscal
year of the Borrower does not exceed $12,000,000;
(viii) Indebtedness of the Borrower in respect of the
Smuckers Note in an aggregate principal amount not to exceed
$9,300,000; less the aggregate amount of all repayments of principal
thereof made after the Effective Date;
(ix) Indebtedness of Subsidiaries of the Borrower (x)
pursuant to guarantees in existence on the Effective Date which were
given prior thereto to NationsBanc Leasing & Capital, LLC in respect of
truck leases entered into by distributors of such Subsidiary (so long
as the aggregate principal amount so guaranteed does not exceed
$11,000,000 and such guarantees are not replaced, increased or extended
after the Effective Date except as otherwise permitted pursuant to this
Section 9.04 (excluding this subclause (x)) or (y) pursuant to
guarantees given from time to time after the Effective Date in respect
of truck leases entered into by distributors of such Subsidiary, so
long as the aggregate principal amount at any time guaranteed pursuant
to this clause (y) does not exceed $5,000,000;
(x) Indebtedness of the Borrower or any of its
Subsidiaries in respect of industrial revenue bonds (or similarly
designated financing) in an aggregate principal amount not to exceed
$21,000,000 at any time outstanding, provided that (x) such
Indebtedness shall only be incurred to finance (or refinance within 180
days after completion of construction
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or acquisition) the construction or acquisition of a new plant
constructed or acquired after the Effective Date and (y) such
Indebtedness may not be incurred with respect to more than three such
plants;
(xi) the Borrower and its Wholly-Owned Subsidiaries may
guarantee operating leases of Wholly-Owned Subsidiaries of the Borrower
which are Subsidiary Guarantors; and
(xii) so long as no Default or Event of Default then exists
or would result therefrom, additional Indebtedness of the Borrower and
its Subsidiaries (other than Indebtedness for borrowed money) not to
exceed $5,000,000 in aggregate principal amount at any time
outstanding, which Indebtedness shall be unsecured unless otherwise
permitted by Section 9.01(xvii).
To the extent this Section 9.04 is at any time amended in accordance
with the provisions of this Agreement to permit any additional Indebtedness for
borrowed money of the Borrower and its Subsidiaries, the proceeds thereof shall
be required to be applied as a mandatory repayment of Loans pursuant to Section
4.02(d), except to the extent such requirement is waived pursuant to any such
amendment in accordance with the provisions of this Agreement.
9.05 Investments. The Borrower will not, and will not permit any of
its Subsidiaries to, directly or indirectly, make any Investments, except that
the following shall be permitted:
(i) the Borrower and its Subsidiaries may make travel and
other expense advances to employees in the ordinary course of business;
(ii) the Borrower and its Subsidiaries may acquire and
hold cash and Cash Equivalents;
(iii) so long as no Default or Event of Default exists or
would result therefrom, the Borrower and its Subsidiaries may (x) make loans and
advances in the ordinary course of business to their respective employees so
long as the aggregate principal amount thereof at any time outstanding
(determined without regard to any write-downs or write-offs of such loans and
advances) shall not exceed $2,000,000 and (y) in connection with the relocation
of employees of the Borrower and its Subsidiaries, purchase, and thereafter
divest, in each case in the ordinary course of business, homes previously owned
by such employees;
(iv) (x) the Borrower may enter into Interest Rate Protection
Agreements to the extent permitted by Section 9.04(iii) and (y) the
Borrower and its Subsidiaries may enter into and perform their
obligations under Other Hedging Agreements entered into in the ordinary
course of business so long as each such Other Hedging Agreement is
non-speculative in nature;
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(v) the Borrower may acquire 100% of the capital stock
(or other limited liability company or partnership equity interests) of
any entity or all or substantially all of the assets of any entity (or
all or substantially all of the assets of a product line or division of
any such entity) so long as (in each case except to the extent the
Required Lenders otherwise specifically agree in writing in the case of
a specific Permitted Acquisition):
(a) the Borrower shall have given the
Administrative Agent and the Lenders a copy of each letter of
intent within three Business Days of signing each such letter
of intent and in any event shall have given the Administrative
Agent and the Lenders at least ten Business Days' prior
written notice of any such proposed acquisition;
(b) such entity or acquired business shall be
engaged in a similar or related business as the Borrower and
its Subsidiaries and the principal place of business of, and
at least 80% of the consolidated assets of, each such entity
or acquired business shall be located in the United States;
(c) in the case of the acquisition of 100% of
the capital stock or other equity interests of any Person,
such Person (the "Acquired Person") shall own no capital stock
or other equity interests of any other Person unless either
(x) the Acquired Person owns 100% of the capital stock or
other equity interests of such other Person or (y) if the
Acquired Person owns capital stock or equity interests in any
other Person which is not a Wholly-Owned Subsidiary of the
Acquired Person (a "Non-Wholly Owned Entity"), (i) the
Acquired Person shall not have been created or established in
contemplation of, or for purposes of, the respective
acquisition, (ii) any Non-Wholly Owned Entity of the Acquired
Person shall have been non-wholly-owned prior to the date of
the respective acquisition and not created or established in
contemplation thereof, and (iii) such Acquired Person and/or
its Wholly-Owned Subsidiaries own at least 80% of the
consolidated assets of the Acquired Person and its
Subsidiaries and Non-Wholly Owned Entities;
(d) no Default or Event of Default shall be in
existence at the time of the consummation of the proposed
acquisition or immediately after giving effect thereto;
(e) (i) The Borrower would have been in
compliance with the financial covenants set forth in Sections
9.08 through 9.10, inclusive, for the Calculation Period most
recently ended prior to the date of such acquisition, on a Pro
Forma Basis as if the respective acquisition (as well as all
other acquisitions previously consummated after the first day
of such Calculation Period) had occurred on the first day of
such Calculation Period, and such recalculations shall show
that such financial covenants would have been complied with if
such acquisition had occurred on the first day of such
Calculation Period and (ii) based on good faith projections
prepared by the Borrower for the period from the date of the
consummation of the proposed acquisition to the date which is
one year thereafter, the
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level of financial performance measured by the covenants set
forth in Sections 9.08 through 9.10, inclusive, shall be
better than or equal to such level as would be required to
avoid any Default or Event of Default under Sections 9.08
through 9.10, inclusive, throughout such period;
(f) all of the representations and warranties
contained in Section 7 and in the other Credit Documents shall
be true and correct in all material respects with the same
effect as though such representations and warranties had been
made on and as of the date of such acquisition (both before
and after giving effect thereto), unless stated to relate to a
specific earlier date, in which case such representations and
warranties shall be true and correct in all material respects
as of such earlier date;
(g) the Borrower shall have provided to the
Administrative Agent and the Lenders as soon as available but
not later than three Business Days after the execution
thereof, a copy of any executed purchase agreement or similar
agreement with respect to such acquisition along with all
related agreements and instruments and all opinions,
certificates, lien search results and other documents
reasonably requested by the Administrative Agent;
(h) the total consideration (including, without
limitation, cash, Qualified Preferred Stock, any other stock
and assumed and/or refinanced Indebtedness) for all such
acquisitions consummated in any fiscal year of the Borrower
shall not exceed the Applicable Permitted Acquisition Amount
for such fiscal year; provided that at any time when the
Cumulative Retained Excess Cash Flow Amount is greater than
$0, additional consideration (not to exceed the Cumulative
Retained Excess Cash Flow Amount immediately before the
respective Permitted Acquisition is consummated) may be used
to effect Permitted Acquisitions which otherwise meet the
requirements of this Section 9.05(v);
(i) after giving effect to such acquisition and
the payment of all amounts (including fees and expenses) owing
in connection therewith, the Total Unutilized Revolving Loan
Commitment shall equal or exceed the sum of (x) $40,000,000
and (y) an amount equal to the aggregate amount as determined
by the Borrower in good faith as the amount reasonably likely
to be payable in respect of all post-closing purchase price
adjustments required or which will be required in connection
with such acquisition (and all other acquisitions for which
such purchase price adjustments may be required to be made)
and the amount of all Capital Expenditures reasonably
anticipated by the Borrower to be made in the business
acquired pursuant to such acquisition within the 180-day
period (such period for any acquisition, a "Post-Closing
Period") following such acquisition (and in the businesses
acquired pursuant to all other acquisitions with Post-Closing
Periods ended during the Post-Closing Period of such
acquisition); and
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(j) the Borrower shall have delivered to the
Administrative Agent and the Lenders a minimum of five
Business Days before the consummation of any such acquisition
a certificate from their senior financial officer setting
forth the conclusion that all of the conditions required above
in this Section 9.05(v) have been satisfied, that in
management's good faith belief, the consummation of the
proposed acquisition will not result in a material increase in
tax, ERISA, litigation, environmental or other contingent
liabilities with respect to the Borrower or any of its
Subsidiaries, and setting forth the calculations necessary to
determine compliance with clauses (e) and (i) of this Section
9.05(v). Such certificate shall also include copies of the
following documents attached as exhibits thereto (to the
extent not previously provided): (i) any environmental reports
received (or reasonably requested by the Administrative Agent)
by the Borrower or any of its Subsidiaries in connection with
all properties of the entity or entities being acquired and
(ii) any opinions of counsel and indemnities expected to be
obtained in connection with such acquisition (any such
acquisition meeting the criteria set forth above in clauses
(a) through (j) of this Section 9.05(v) being herein referred
to as a "Permitted Acquisition").
Upon the consummation of any Permitted Acquisition, the Borrower shall
comply with all of the applicable requirements of Section 8.12; and
(vi) the Borrower and the Subsidiary Guarantors may make
intercompany loans and advances between or among one another
(collectively, "Intercompany Loans"), so long as any note evidencing
such Intercompany Loan is pledged to the Collateral Agent to the extent
required pursuant to the Pledge Agreement;
(vii) the Borrower and its Subsidiaries may consummate the
Transaction;
(viii) the Borrower and its Subsidiaries may establish
Subsidiaries to the extent permitted by Section 9.14 and may make
capital contributions (including, without limitation, by way of
contributing assets) to Domestic Wholly-Owned Subsidiaries of the
Borrower which are Subsidiary Guarantors;
(ix) the Borrower and its Subsidiaries may make loans to
Distributors of the Borrower and its Subsidiaries in the ordinary
course of business to finance the acquisition by such distributors of
distribution rights from the Borrower or such Subsidiary, provided that
(I) all proceeds of such loans are retained by the Borrower or such
Subsidiary as payment in respect of such distribution rights, and (II)
such loans are evidenced by Distributor Notes which (together with any
related collateral therefor held by the Borrower or any of its
Subsidiaries) shall have been pledged, and delivered for pledge,
pursuant to the applicable provisions of the Security Documents and
held by the Collateral Agent as security for the Secured Creditors in
accordance with the provisions of the Security Documents;
(x) Investments consisting of non-cash consideration
received in connection with sales of assets permitted pursuant to
Sections 9.02(i) and (x); and
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(xi) the Borrower and its Subsidiaries may make
Investments not otherwise permitted by this Section 9.05 in an
aggregate amount not to exceed $5,000,000 (determined without regard to
any write-downs or write-offs thereof), net of cash payments of
principal in the case of loans and cash equity returns (whether as a
dividend or redemption) in the case of equity investments.
9.06 Transactions with Affiliates. The Borrower will not,
and will not permit any of its Subsidiaries to, enter into any transaction or
series of related transactions, whether or not in the ordinary course of
business, with any Affiliate of the Borrower or any of its Subsidiaries, other
than in the ordinary course of business and on terms and conditions
substantially as favorable to the Borrower or such Subsidiary as would
reasonably be obtained by the Borrower or such Subsidiary at that time in a
comparable arm's-length transaction with a Person other than an Affiliate,
except that:
(i) Dividends may be paid to the extent provided in
Section 9.03;
(ii) loans may be made and other transactions may be
entered into between the Borrower and its Subsidiaries to the extent
expressly permitted by Sections 9.02, 9.04 and 9.05;
(iii) the Merger Documents may be entered into, the
Transaction shall be permitted and the Borrower and its Subsidiaries
may perform their obligations pursuant to the Merger Documents;
(iv) the Borrower and its Subsidiaries may pay officer and
director compensation;
(v) the Borrower may pay Dividends on its Qualified
Preferred Stock solely through the issuance of additional shares of
Qualified Preferred Stock and not in cash; and
(vi) in addition to transactions permitted pursuant to
clauses (i) through (v) of this Section 9.06, the Borrower and its
Subsidiaries may enter into other transactions with Affiliates not
otherwise permitted pursuant to this Section 9.06, so long as the
aggregate consideration paid by the Borrower and its Subsidiaries
(including, without limitation, all non-cash consideration) shall not
exceed $1,000,000 in any fiscal year of the Borrower, provided that
this clause (vi) shall not be deemed to permit any cash Dividends not
otherwise permitted hereunder.
9.07 Capital Expenditures. (a) The Borrower will not, and
will not permit any of its Subsidiaries to, make any Capital Expenditures,
except that the Borrower and its Subsidiaries may make Capital Expenditures in
any fiscal year of the Borrower to the extent such Capital Expenditures do not
exceed in the aggregate that amount which is set forth opposite such fiscal year
below:
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Fiscal Year Ended Closest To Amount
---------------------------- -----------
December 31, 2001 $50,000,000
December 31, 2002 $50,000,000
December 31, 2003 $52,500,000
December 31, 2004 $52,500,000
December 31, 2005 $57,500,000
December 31, 2006 $57,500,000
December 31, 2007 $57,500,000
Notwithstanding the foregoing, amounts set forth above not expended in any
fiscal year may be carried forward to subsequent fiscal years; provided that in
no event may more than 125% of the amount otherwise permitted to be expended on
Capital Expenditures in any fiscal year pursuant to this Section 9.07(a)
(without giving effect to this sentence) be permitted to be expended on Capital
Expenditures during any fiscal year pursuant to this Section 9.07(a). The amount
set forth above in this clause (a) in respect of the Borrower's fiscal year
ended closest to December 31, 2001 shall include all Capital Expenditures made
by the Borrower and its Subsidiaries during such fiscal year prior to the
Effective Date.
(b) In addition to the Capital Expenditures permitted
pursuant to preceding clause (a), the Borrower and its Subsidiaries may make
additional Capital Expenditures consisting of (x) Permitted Acquisitions, (y)
Permitted Bakery Swaps (excluding the portion of any consideration paid by the
Borrower and its Subsidiaries in connection therewith which must, in accordance
with the definition of Permitted Bakery Swap contained herein, be justified
pursuant to this Section 9.07) and (z) the reinvestment of proceeds of Recovery
Events and Asset Sales not required to be applied to prepay Loans pursuant to
Section 4.02(e) or (f).
(c) In addition to Capital Expenditures permitted
pursuant to preceding clauses (a) and (b), the Borrower and its Subsidiaries may
make additional Capital Expenditures at any time in an amount not to exceed the
Cumulative Retained Excess Cash Flow Amount at such time.
9.08 Consolidated Interest Coverage Ratio. The Borrower
will not permit the Consolidated Interest Coverage Ratio for any Test Period, in
each case taken as one accounting period, ending on the last day of any fiscal
quarter of the Borrower set forth below to be less than the ratio set forth
opposite such fiscal quarter below:
Fiscal Quarter
Ending Closest to Ratio
----------------- ---------
June 30, 2001 3.50:1.00
September 30, 2001 3.50:1.00
December 31, 2001 3.50:1.00
March 31, 2002 3.50:1.00
June 30, 2002 3.75:1.00
September 30, 2002
and the last day of each fiscal quarter of the
Borrower ending thereafter 4.00:1.00
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For purposes of making determinations pursuant to Section 9.05(v) only,
determinations pursuant to this Section 9.08 shall be made on a Pro Forma Basis.
9.09 Consolidated Fixed Charge Coverage Ratio. The
Borrower will not permit the Consolidated Fixed Charge Coverage Ratio for any
Test Period, in each case taken as one accounting period, ending on the last day
of any fiscal quarter of the Borrower to be less than 1.00:1.00. For purposes of
making determinations pursuant to Section 9.05(v) only, determinations pursuant
to this Section 9.09 shall be made on a Pro Forma Basis.
9.10 Maximum Leverage Ratio. The Borrower will not permit
the Leverage Ratio at any time during a period set forth below to be greater
than the ratio set forth opposite such period below:
Period Ratio
------ -----
The first day of the Borrower's fiscal quarter ending closest to
June 30, 2001 to and including the day before the last day of
the Borrower's fiscal quarter ending closest to December 31, 2001 4.00:1.00
The last day of the Borrower's fiscal quarter ending closest to
December 31, 2001 to and including the day before the last day
of the Borrower's fiscal quarter ending closest to March 31, 2002 3.50:1.00
The last day of the Borrower's fiscal quarter ending closest to
March 31, 2002 to and including the day before the last day of
the Borrower's fiscal quarter ending closest to December 31, 2002 3.25:1.00
The last day of the Borrower's fiscal quarter ending closest to
December 31, 2002 to and including the day before the last day
of the Borrower's fiscal quarter ending closest to March 31, 2003 2.75:1.00
The last day of the Borrower's fiscal quarter ending closest to
March 31, 2003 to and including the day before the last day of
the Borrower's fiscal quarter ending closest to December 31, 2003 2.60:1.00
The last day of the Borrower's fiscal quarter ending closest to
December 31, 2003 to and including the day before the last day
of the Borrower's fiscal quarter ending closest to March 31, 2004 2.25:1.00
Thereafter 2.00:1.00
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Notwithstanding anything to the contrary contained in this Agreement, all
determinations of the Leverage Ratio for purposes this Section 9.10 shall
include Consolidated EBITDA as calculated on a Pro Forma Basis to give effect to
all Permitted Acquisitions, if any, effected during the respective Test Period
for which Consolidated EBITDA is being determined, as provided in the first
sentence of the definition of Leverage Ratio contained herein (with the second
sentence of the definition of Leverage Ratio being inapplicable to
determinations pursuant to this Section 9.10).
9.11 Limitation on Voluntary Payments and Modifications of
Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain
Other Agreements; etc. The Borrower will not, and will not permit any of its
Subsidiaries to, (i) make (or give any notice in respect of) any voluntary or
optional payment or prepayment on, or redemption or acquisition for value of, or
make any prepayment or redemption as a result of any asset sale, change of
control or similar event of (including, in each case, without limitation, by way
of depositing with the trustee with respect thereto or any other Person, money
or securities before due for the purpose of paying when due) any Existing
Indebtedness, the Smuckers Note or any Lease Program Obligations (except in
connection with a permitted sale or disposition of the respective property
financed thereunder, so long as the repayment is limited to the Lease Program
Obligations relating to the property so disposed of), provided that, to the
extent the Total Unutilized Revolving Loan Commitment after giving effect to any
voluntary prepayment of any Indebtedness not otherwise permitted pursuant to
this clause (i) would exceed $50,000,000 and the Borrower's Leverage Ratio on
the last day of the two most recently ended fiscal quarters of the Borrower was
less than or equal to 2.50:1.00, the Borrower and its Subsidiaries may make
voluntary prepayments of Indebtedness (and give notices in respect thereof) not
otherwise permitted pursuant to this clause (i), or (ii) amend or modify, or
permit the amendment or modification of, any provision of any documentation
(including any agreement (including, without limitation, any purchase agreement,
indenture, loan agreement or security agreement) or instrument relating
thereto), relating to the Lease Program Documents, in each case excluding
non-material modifications thereof which could not be adverse to the interests
of the Lenders in any respect.
9.12 Limitation on Certain Restrictions on Subsidiaries.
The Borrower will not, and will not permit any of its Subsidiaries to, directly
or indirectly, create or otherwise cause or suffer to exist or become effective
any encumbrance or restriction on the ability of any such Subsidiary to (a) pay
dividends or make any other distributions on its capital stock or any other
interest or participation in its profits owned by the Borrower or any Subsidiary
of the Borrower, or pay any Indebtedness owed to the Borrower or a Subsidiary of
the Borrower, (b) make loans or advances to the Borrower or any of the
Borrower's Subsidiaries or (c) transfer any of its
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properties or assets to the Borrower or any of the Borrower's Subsidiaries,
except, in each case, for such encumbrances or restrictions existing under or by
reason of (i) applicable law, (ii) this Agreement and the other Credit
Documents, (iii) customary provisions restricting subletting or assignment of
any lease governing a leasehold interest of the Borrower or a Subsidiary of the
Borrower, (iv) customary provisions restricting assignment of any agreement
entered into by the Borrower or a Subsidiary of the Borrower in the ordinary
course of business, (v) any holder of a Permitted Lien may restrict the transfer
of the asset or assets subject thereto, (vi) restrictions contained in
Indebtedness permitted to be acquired pursuant to Section 9.04(vii) which relate
solely to the Subsidiary or Subsidiaries, if any, acquired pursuant to such
Permitted Acquisition and so long as such restrictions were not imposed (or made
more restrictive) in contemplation of such acquisition and (vii) restrictions
which are not more restrictive than those contained in this Agreement contained
in any documents governing any Indebtedness incurred after the Effective Date in
accordance with the provisions of this Agreement.
9.13 Limitation on Issuance of Capital Stock. (a) The
Borrower will not issue any preferred stock (or equivalent Equity Interests)
other than Qualified Preferred Stock or any redeemable (except at the sole
option of the Borrower) common stock or membership interests (or equivalent
Equity Interests).
(b) The Borrower will not permit any of the Borrower's
Subsidiaries to issue any capital stock (including by way of sales of treasury
stock) or any options or warrants to purchase, or securities convertible into,
capital stock, except (i) for transfers and replacements of then outstanding
shares of capital stock, (ii) for stock splits, stock dividends and additional
issuances which do not decrease the percentage ownership of the Borrower or any
of its Subsidiaries in any class of the capital stock of such Subsidiary, (iii)
in the case of Foreign Subsidiaries of the Borrower, to qualify directors to the
extent required by applicable law, and (iv) Subsidiaries of the Borrower formed
after the Effective Date pursuant to Section 9.14 may issue capital stock to the
Borrower or the respective Subsidiary of the Borrower which is to own such stock
in accordance with the requirements of Section 8.11. All capital stock issued in
accordance with this Section 9.13(b) shall, to the extent required by the Pledge
Agreement, be delivered to the Collateral Agent pursuant to the Pledge
Agreement.
9.14 Limitation on Creation of Subsidiaries. The Borrower
will not, and will not permit any of its Subsidiaries to, establish, create or
acquire any additional Subsidiaries without the prior written consent of the
Required Lenders; provided that the Borrower may acquire, pursuant to a
Permitted Acquisition, establish or create one or more Domestic Wholly-Owned
Subsidiaries without such consent so long as (i) 100% of the Equity Interests of
any such new Subsidiary is upon the creation or establishment or acquisition of
any such new Subsidiary pledged and, if certificated, delivered to the
Collateral Agent for the benefit of the Secured Creditors under the Pledge and
Security Agreement and (ii) upon the creation, establishment or acquisition of
any such new Domestic Wholly-Owned Subsidiary, such Domestic Wholly-Owned
Subsidiary executes the Additional Security Documents and guaranty required to
be executed by it in accordance with Section 8.12; provided that notwithstanding
the provisions of clauses (i) and (ii) of this Section 9.14, (x) in connection
with one or more Permitted Acquisitions, Non-Wholly Owned Entities may be
acquired in accordance with the provisions of
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Section 9.05(v), (y) non-Wholly-Owned Subsidiaries may be established or created
so long as all Investments therein are justified pursuant to Section 9.05(xi)
and (z) the Borrower may establish transitory special purpose Subsidiaries for
the purpose of effecting Permitted Acquisitions accomplished by way of reverse
merger (which Subsidiaries shall own no material assets (other than any contract
rights pursuant to the acquisition agreement relating to any such Permitted
Acquisition) prior to giving effect to any such Permitted Acquisition) without
having to comply with clauses (i) and (ii) of this Section 9.14, provided
further, that such clauses (i) and (ii) above shall be complied with by the
resulting Subsidiary after giving effect to such Permitted Acquisition.
9.15 Business. The Borrower will not, and will not permit
any of its Subsidiaries to, engage in any businesses other than the baked, fresh
or frozen food businesses and other related businesses to the extent reasonably
incidental to the conduct of any of the foregoing businesses.
SECTION 10. Events of Default. Upon the occurrence of any of
the following specified events (each an "Event of Default"):
10.01 Payments. The Borrower shall (i) default in the
payment when due of any principal of any Loan or any Note or (ii) default, and
such default shall continue unremedied for three or more Business Days, in the
payment when due of any Unpaid Drawings or interest on any Loan or Note, or any
Fees or any other amounts owing hereunder or thereunder; or
10.02 Representations, etc. Any representation, warranty or
statement made by any Credit Party herein or in any other Credit Document or in
any certificate delivered pursuant hereto or thereto shall prove to be untrue in
any material respect on the date as of which made or deemed made; or
10.03 Covenants. The Borrower shall (i) default in the due
performance or observance by it of any term, covenant or agreement contained in
Section 8.01(g)(i), 8.08, 8.11 or Section 9 or (ii) default in the due
performance or observance by it of any other term, covenant or agreement
contained in this Agreement and, in the case of this clause (ii), such default
shall continue unremedied for a period of 30 days after written notice to the
Borrower by the Administrative Agent or any of the Lenders; or
10.04 Default Under Other Agreements. The Borrower or any
of its Subsidiaries shall (i) default in any payment of any Indebtedness (other
than the Obligations) in a principal amount in excess of $10,000,000 beyond the
period of grace and/or cure, if any, provided in the instrument or agreement
under which such Indebtedness was created or (ii) default in the observance or
performance of any agreement or condition relating to any Indebtedness (other
than the Obligations) in a principal amount in excess of $10,000,000 or
contained in any instrument or agreement evidencing, securing or relating
thereto, or any other event shall occur or condition exist, the effect of which
default or other event or condition is to cause, or to permit the holder or
holders of such Indebtedness (or a trustee or agent on behalf of such holder or
holders) to cause (determined without regard to whether any notice is required),
any such Indebtedness to become due prior to its stated maturity or (iii) any
Indebtedness (other than the Obligations) in a principal
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amount in excess of $10,000,000 of the Borrower or any of their respective
Subsidiaries shall be declared to be due and payable, or required to be prepaid
other than by a regularly scheduled required prepayment, prior to the stated
maturity thereof; or
10.05 Bankruptcy, etc. The Borrower or any of its
Subsidiaries shall commence a voluntary case concerning itself under Title 11 of
the United States Code entitled "Bankruptcy," as now or hereafter in effect, or
any successor thereto (the "Bankruptcy Code"); or an involuntary case is
commenced against the Borrower or any of its Subsidiaries and the petition is
not controverted within 10 days after service of summons, or is not dismissed
within 60 days, after commencement of the case; or a custodian (as defined in
the Bankruptcy Code) is appointed for, or takes charge of, all or substantially
all of the property of the Borrower or any of its Subsidiaries or the Borrower
or any of its Subsidiaries commences any other proceeding under any
reorganization, arrangement, adjustment of debt, relief of debtors, dissolution,
insolvency or liquidation or similar law of any jurisdiction whether now or
hereafter in effect relating to the Borrower or any of its Subsidiaries or there
is commenced against the Borrower or any of its Subsidiaries any such proceeding
which remains undismissed for a period of 60 days, or the Borrower or any of its
Subsidiaries is adjudicated insolvent or bankrupt; or any order of relief or
other order approving any such case or proceeding is entered; or the Borrower or
any of its Subsidiaries suffers any appointment of any custodian or the like for
it or any substantial part of its property to continue undischarged or unstayed
for a period of 60 days; or the Borrower or any of its Subsidiaries makes a
general assignment for the benefit of creditors; or any corporate or similar
action is taken by the Borrower or any of its Subsidiaries for the purpose of
effecting any of the foregoing; or
10.06 ERISA. (a) Any Plan shall fail to satisfy the minimum
funding standard required for any plan year or part thereof under Section 412 of
the Code or Section 302 of ERISA or a waiver of such standard or extension of
any amortization period is sought or granted under Section 412 of the Code or
Section 303 or 304 of ERISA, a Reportable Event shall have occurred, a
contributing sponsor (as defined in Section 4001(a)(13) of ERISA) of a Plan
subject to Title IV of ERISA shall be subject to the advance reporting
requirement of PBGC Regulation Section 4043.61 (without regard to subparagraph
(b)(1) thereof) and an event described in subsection .62, .63, .64, .65, .66,
.67 or .68 of PBGC Regulation Section 4043 shall be reasonably expected to occur
with respect to such Plan within the following 30 days, any Plan which is
subject to Title IV of ERISA shall have had or is reasonably likely to have a
trustee appointed to administer such Plan, any Plan which is subject to Title IV
of ERISA is, shall have been or is reasonably likely to be terminated or to be
the subject of termination proceedings under ERISA, any Plan shall have an
Unfunded Current Liability, a contribution required to be made with respect to a
Plan or a Foreign Pension Plan is not timely made, the Borrower or any of its
Subsidiaries or any ERISA Affiliate has incurred or is likely to incur any
liability to or on account of a Plan under Section 409, 502(i), 502(l), 515,
4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or Section 401(a)(29), 4971
or 4975 of the Code or on account of a group health plan (as defined in Section
607(1) of ERISA or Section 4980B(g)(2) of the Code) under Section 4980B of the
Code, or the Borrower, or any of its Subsidiaries, has incurred or is likely to
incur liabilities pursuant to one or more employee welfare benefit plans (as
defined in Section 3(1) of ERISA) that provide benefits to retired employees or
other former employees (other than as
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required by Section 601 of ERISA) or Plans or Foreign Pension Plans, a
"default," within the meaning of Section 4219(c)(5) of ERISA, shall occur with
respect to any Plan; any applicable law, rule or regulation is adopted, changed
or interpreted, or the interpretation or administration thereof is changed, in
each case after the date hereof, by any governmental authority or agency or by
any court (a "Change in Law"), or, as a result of a Change in Law, an event
occurs following a Change in Law, with respect to or otherwise affecting any
Plan; (b) there shall result from any such event or events the imposition of a
lien, the granting of a security interest, or a liability or a material risk of
incurring a liability; and (c) such lien, security interest or liability,
individually, and/or in the aggregate, in the opinion of the Required Lenders,
has had, or would reasonably be expected to have, a Material Adverse Effect; or
10.07 Security Documents. At any time after the execution
and delivery thereof, any of the Security Documents shall cease to be in full
force and effect, or shall cease in any material respect to give the Collateral
Agent for the benefit of the Secured Creditors the Liens, rights, powers and
privileges purported to be created thereby (including, without limitation, a
perfected security interest in, and Lien on, all of the Collateral), in favor of
the Collateral Agent, subject to no other Liens (except Permitted Liens), or any
Credit Party shall default in the due performance or observance of any term,
covenant or agreement on its part to be performed or observed pursuant to any of
the Security Documents and such default shall continue beyond any grace period
(if any) specifically applicable thereto pursuant to the terms of such Security
Document; or
10.08 Subsidiaries Guaranty. The Subsidiaries Guaranty, or
any provision thereof, shall cease to be in full force or effect as to the
relevant Subsidiary Guarantor (unless such Subsidiary Guarantor is no longer a
Subsidiary by virtue of a liquidation, sale, merger or consolidation permitted
by Section 9.02) or any Subsidiary Guarantor (or Person acting by or on behalf
of such Subsidiary Guarantor) shall deny or disaffirm such Subsidiary
Guarantor's obligations under the Subsidiaries Guaranty or any Subsidiary
Guarantor shall default in the due performance or observance of any term,
covenant or agreement on its part to be performed or observed pursuant to the
Subsidiaries Guaranty beyond any grace period (if any) provided therefor; or
10.09 Judgments. One or more judgments or decrees shall be
entered against the Borrower or any of its Subsidiaries involving in the
aggregate for the Borrower and its Subsidiaries a liability (not paid or fully
covered by a reputable and solvent insurance company) and such judgments and
decrees either shall be final and non-appealable or shall not be vacated,
discharged or stayed or bonded pending appeal for any period of 60 consecutive
days, and the aggregate amount of all such judgments, to the extent not covered
by insurance, exceeds $10,000,000; or
10.10 Change of Control. A Change of Control shall occur;
then, and in any such event, and at any time thereafter, if any Event of Default
shall then be continuing, the Administrative Agent, upon the written request of
the Required Lenders, shall by written notice to the Borrower, take any or all
of the following actions, without prejudice to the rights of
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the Administrative Agent, any Lender or the holder of any Note to enforce its
claims against any Credit Party (provided that, if an Event of Default specified
in Section 10.05 shall occur with respect to the Borrower, the result which
would occur upon the giving of written notice by the Administrative Agent to the
Borrower as specified in clauses (i) and (ii) below shall occur automatically
without the giving of any such notice): (i) declare the Total Commitments
terminated, whereupon all Commitments of each Lender shall forthwith terminate
immediately and any Commitment Commission shall forthwith become due and payable
without any other notice of any kind; (ii) declare the principal of and any
accrued interest in respect of all Loans and the Notes and all Obligations owing
hereunder and thereunder to be, whereupon the same shall become, forthwith due
and payable without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by each Credit Party; (iii) terminate any Letter
of Credit that may be terminated in accordance with its terms; (iv) direct the
Borrower to pay (and the Borrower agrees that upon receipt of such notice, or
upon the occurrence of an Event of Default specified in Section 10.05, it will
pay) to the Collateral Agent at the Payment Office such additional amount of
cash, to be held as security by the Collateral Agent, as is equal to the
aggregate Stated Amount of all Letters of Credit issued for the account of the
Borrower and then outstanding; and (v) enforce, as Collateral Agent, all of the
Liens and security interests created pursuant to the Security Documents.
SECTION 11. Definitions and Accounting Terms.
11.01 Defined Terms. As used in this Agreement, the
following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined):
"A Scheduled Repayment" shall have the meaning provided in
Section 4.02(b).
"A Scheduled Repayment Date" shall have the meaning provided
in Section 4.02(b).
"A Term Loan" shall have the meaning provided in Section
1.01(a).
"A Term Loan Commitment" shall mean, for each Lender, the
amount set forth opposite such Lender's name on Schedule I hereto directly below
the column entitled "A Term Loan Commitment", as same may be reduced or
terminated from time to time pursuant to Sections 3.03 and/or 10.
"A Term Loan Maturity Date" shall mean March 26, 2005.
"A Term Note" shall have the meaning provided in Section
1.05(a).
"Acquired Person" shall have the meaning provided in Section
9.05(v).
"Additional Collateral" shall mean all property in which
security interests are granted (or have been purported to be granted) pursuant
to Section 8.12.
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"Additional Security Documents" shall mean all pledge
agreements, security agreements and other security documents entered into
pursuant to Section 8.12 with respect to Additional Collateral.
"Adjusted Consolidated Net Income" shall mean, for any period,
Consolidated Net Income for such period plus, without duplication and to the
extent deducted in arriving at Consolidated Net Income, the sum of the amount of
all non-cash charges (including, without limitation, to the extent deducted in
arriving at Consolidated Net Income, depreciation, amortization, deferred income
tax expense and non-cash interest expense) and non-cash losses which were
included in arriving at Consolidated Net Income for such period, less (without
duplication of items reflected in Adjusted Consolidated Working Capital) the
amount of all non-cash gains and gains from the sale of assets (other than sales
of inventory in the ordinary course of business) which were included in arriving
at Consolidated Net Income for such period.
"Adjusted Consolidated Working Capital" shall mean, at any
time, Consolidated Current Assets (but excluding therefrom all cash, Cash
Equivalents and deferred income taxes to the extent otherwise included therein)
less Consolidated Current Liabilities.
"Administrative Agent" shall have the meaning provided in the
first paragraph of this Agreement, and shall include any successor thereto.
"Affected Eurodollar Loan" shall have the meaning provided in
Section 4.02(i).
"Affiliate" shall mean, with respect to any Person, any other
Person (including, for purposes of Section 9.06 only, all directors, officers
and partners of such Person) directly or indirectly controlling, controlled by,
or under direct or indirect common control with, such Person; provided, however,
that for purposes of Section 9.06, an Affiliate of the Borrowers shall include
any Person that directly or indirectly owns more than 5% of any class of the
capital stock of the Borrower and any officer or director of the Borrower or any
of its Subsidiaries. A Person shall be deemed to control another Person if such
Person possesses, directly or indirectly, the power to direct or cause the
direction of the management and policies of such other Person, whether through
the ownership of voting securities, by contract or otherwise. Notwithstanding
anything to the contrary contained above, for purposes of Section 9.06, no Agent
or Lender shall be deemed to constitute an Affiliate of the Borrower or its
Subsidiaries in connection with the Credit Documents or its dealings or
arrangements relating thereto.
"Agents" shall mean, collectively, the Administrative Agent
and the Syndication Agent.
"Agreement" shall mean this Credit Agreement, as modified,
supplemented, amended, restated, extended, renewed or replaced from time to
time.
"Applicable Margin" initially shall mean a percentage per
annum equal to, in the case of (i) A Term Loans and Revolving Loans (x)
maintained as Base Rate Loans, 1.50% and (y) maintained as Eurodollar Loans,
2.50%, (ii) B Term Loans (x) maintained as Base Rate Loans, 2.00% and (y)
maintained as Eurodollar Loans, 3.00% and (iii) the Commitment
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Commission, 0.50%. From and after each day of delivery of any certificate in
accordance with the first sentence of the following paragraph for any fiscal
quarter of the Borrower ending on or about October 1, 2001 or thereafter,
indicating a different margin than that described in the immediately preceding
sentence (each, a "Start Date"), to and including the applicable End Date
described below, the Applicable Margin, shall (subject to any adjustment
pursuant to the immediately succeeding paragraph) be that set forth below
opposite the Leverage Ratio indicated to have been achieved in any certificate
delivered in accordance with the following sentence:
A Term Loans A Term Loans
and Revolving and Revolving B Term B Term
Loans Loans Loans Loans
maintained as maintained as maintained maintained
Eurodollar Base Rate as as Commitment
Leverage Ratio Loans Loans Eurodollar Base Rate Commission
-------------- -------------- ------------- Loans Loans ----------
---------- ----------
Equal to or greater 2.50% 1.50% 3.00% 2.00% 0.500%
than 3.0 to 1.0
Equal to or greater 2.25% 1.25% 3.00% 2.00% 0.500%
than 2.5 to 1.0 but
less than 3.0 to 1.0
Equal to or greater 1.75% 0.75% 3.00% 2.00% 0.375%
than 2.0 to 1.0 but
less than 2.5 to 1.0
Less than 2.0 to 1.0 1.50% 0.50% 2.75% 1.75% 0.375%
The Leverage Ratio shall be determined based on the delivery
of a certificate of the Borrower by the chief financial officer of the Borrower
to the Administrative Agent and the Lenders, within 45 days (or 90 days in the
case of the last fiscal quarter of any fiscal year) of the last day of any
fiscal quarter of the Borrower, which certificate shall set forth the
calculation of the Leverage Ratio as at the last day of the Test Period ended
immediately prior to the relevant Start Date (but determined on a Pro Forma
Basis to give effect to any Permitted Acquisition effected on or prior to the
date of the delivery of such certificate) and the Applicable Margins which, in
each case, shall be thereafter applicable (until same are changed or cease to
apply in accordance with the following sentences). The Applicable Margins so
determined shall apply, except as set forth in the succeeding sentence, from the
relevant Start Date to the earlier of (x) the date on which the next certificate
is delivered to the Administrative Agent and (y) the date which is 45 days
following the last day of the Test Period in which the previous Start Date
occurred (such earliest date, the "End Date"), at which time, if no certificate
has been delivered to the Administrative Agent (and thus commencing a new Start
Date), the Applicable Margins shall be
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those set forth in the table above determined as if the Leverage Ratio were
equal to or greater than 3.00:1.00 (such Applicable Margins as so determined,
the "Highest Applicable Margins"). Notwithstanding anything to the contrary
contained above in this definition, (i) the Applicable Margins shall be the
Highest Applicable Margins (subject to further adjustment to the extent provided
in Section 1.08(c)) at all times during which there shall exist any Default or
Event of Default, (ii) prior to the date of delivery of the financial statements
pursuant to Section 8.01(b) for the fiscal quarter ended closest to September
30, 2001, in no event shall the Applicable Margins be less than those described
in the first sentence of this definition and (iii) the Applicable Margin in
respect of the Commitment Commission shall be 0.50% for each day when the ratio
of the Total Unutilized Revolving Loan Commitment to the Total Revolving Loan
Commitment is greater than 0.50:1.00.
"Applicable Permitted Acquisition Amount" shall mean, (i) with
respect to the Borrower's fiscal year ending closest to December 31, 2001, $20
million, (ii) with respect to the Borrower's fiscal year ending closest to
December 31, 2002, $30 million and (iii) with respect to each subsequent fiscal
year of the Borrower, $35 million.
"Asset Sale" shall mean the sale, lease, transfer or other
disposition by the Borrower or any of its Subsidiaries to any Person other than
the Borrower or any of its Wholly-Owned Subsidiaries of (i) any of the stock or
other Equity Interests of any of the Borrower's Subsidiaries, (ii) substantially
all of the assets of any division or line of business of the Borrower or any of
its Subsidiaries, or (iii) any other assets (whether tangible or intangible) of
the Borrower or any of its Subsidiaries; provided, however, that Asset Sales
shall not include, (u) sales of inventory in the ordinary course of business,
(v) sales of distribution rights in the ordinary course of business, (w) any
sale or discount, in each case without recourse, of accounts receivable arising
in the ordinary course of business, but only in connection with the compromise
or collection thereof, (x) any sale or exchange of specific items of equipment,
so long as the purpose of each such sale or exchange is to acquire (and results
within 90 days of such sale or exchange in the acquisition of) replacement items
of equipment which are the functional equivalent of the item of equipment so
sold or exchanged, (y) the leasing (pursuant to leases in the ordinary course of
business) or licensing of real or personal property, including intellectual
property, or (z) disposals of obsolete, uneconomical, negligible, worn out or
surplus property in the ordinary course of business, so long as, in each case,
the aggregate fair market value (as determined in good faith by the Borrower) of
all such property sold or disposed of pursuant to any single disposition (or
series of related disposition) does not exceed $250,000.
"Assignment and Assumption Agreement" shall mean the
Assignment and Assumption Agreement substantially in the form of Exhibit K
(appropriately completed).
"Authorized Representative" shall mean, with respect to each
Credit Party other than the Borrower, any officer of the Borrower authorized by
the Board of Directors (or analogous governing body) of such Credit Party to
execute and deliver the Credit Documents on behalf of such Credit Party, to the
extent the authorization of such person is reasonably acceptable to the
Administrative Agent.
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"Bankruptcy Code" shall have the meaning provided in Section
10.05.
"Base Rate" shall mean for any day, a rate of interest per
annum equal to the higher of (i) the Prime Lending Rate for such day and (ii)
the sum of the Federal Funds Rate for such day plus 1/2 of 1% per annum.
"Base Rate Loan" shall mean (i) each Swingline Loan and (ii)
each other Loan designated or deemed designated as such by the Borrower at the
time of the incurrence thereof or conversion thereto.
"Borrower" shall have the meaning set forth in the first
paragraph of this Agreement.
"Borrowing" shall mean the borrowing of one Type of Loan of a
single Tranche from all the Lenders (other than any Lender which has not funded
its share of a Borrowing in accordance with this Agreement) having Commitments
of the respective Tranche (or from the Swingline Lender in the case of Swingline
Loans) on a given date (or resulting from a conversion or conversions on such
date) having in the case of Eurodollar Loans the same Interest Period, provided
that Base Rate Loans incurred pursuant to Section 1.10(b) shall be considered
part of the related Borrowing of Eurodollar Loans. It is understood that there
may be more than one Borrowing outstanding pursuant to a given Tranche.
"B Scheduled Repayment" shall have the meaning provided in
Section 4.02(c).
"B Scheduled Repayment Date" shall have the meaning provided
in Section 4.02(c).
"B Term Loan" shall have the meaning provided in Section
1.01(b).
"B Term Loan Commitment" shall mean, for each Lender, the
amount set forth opposite such Lender's name in Schedule I hereto directly below
the column entitled "B Term Loan Commitment," as the same may be reduced or
terminated pursuant to Sections 3.03 and/or Section 10.
"B Term Loan Maturity Date" shall mean March 26, 2007.
"B Term Note" shall have the meaning provided in Section
1.05(a).
"Business Day" shall mean (i) for all purposes other than as
covered by clause (ii) below, any day except Saturday, Sunday and any day which
shall be in New York City a legal holiday or a day on which banking institutions
are authorized or required by law or other government action to close and (ii)
with respect to all notices and determinations in connection with, and payments
of principal and interest on, Eurodollar Loans, any day which is a Business Day
described in clause (i) above and which is also a day for trading by and between
Lenders in the interbank Eurodollar market.
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"Calculation Date" shall mean the date of the respective
Permitted Acquisition or other event, as the case may be, which gives rise to
the requirement to calculate compliance with the financial covenants under this
Agreement on a Pro Forma Basis.
"Calculation Period" shall mean the Test Period (taken as one
accounting period) most recently ended prior to a given Calculation Date.
"Capital Expenditures" shall mean, with respect to any Person,
all expenditures by such Person which should be capitalized in accordance with
generally accepted accounting principles, including all such expenditures with
respect to fixed or capital assets (including, without limitation, expenditures
for maintenance and repairs which should be capitalized in accordance with
generally accepted accounting principles) and the amount of Capitalized Lease
Obligations incurred by such Person.
"Capitalized Lease Obligations" of any Person shall mean all
rental and lease obligations which, under generally accepted accounting
principles, are or will be required to be capitalized on the books of such
Person, in each case taken at the amount thereof accounted for as indebtedness
in accordance with such principles.
"Cash Equivalents" shall mean, as to any Person, (i)
securities issued or directly and fully guaranteed or insured by the United
States or any agency or instrumentality thereof (provided that the full faith
and credit of the United States is pledged in support thereof) having maturities
of not more than one year from the date of acquisition, (ii) time deposits and
certificates of deposit of, and overnight investments of similar credit quality
with, any commercial bank having capital, surplus and undivided profits
aggregating in excess of $500,000,000, with maturities of not more than one year
from the date of acquisition by such Person, (iii) repurchase obligations with a
term of not more than 90 days for underlying securities of the types described
in clause (i) above entered into with any bank meeting the qualifications
specified in clause (ii) above, (iv) commercial paper issued by any Person
incorporated in the United States rated at least A-1 or the equivalent thereof
by S&P or at least P-1 or the equivalent thereof by Xxxxx'x and in each case
maturing not more than one year after the date of acquisition by such Person,
and (v) investments in money market funds substantially all of whose assets are
comprised of securities of the types described in clauses (i) through (iv)
above.
"CERCLA" shall mean the Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as the same may be amended from time to
time, 42 U.S.C. ss. 9601 et seq.
"Change in Law" shall have the meaning provided in Section
10.06.
"Change of Control" shall mean (i) any "Person" or "Group"
(within the meaning of Sections 13(d) and 14(d) under the Exchange Act, as in
effect on the Initial Borrowing Date) (other than the Permitted Holders) is or
shall (A) be the "beneficial owner" (as so defined in Rules 13(d)-3 and 13(d)-5
under the Exchange Act) of 30% or more on a fully diluted basis of the voting
and/or economic interest in the Borrower's capital stock or other Equity
Interests or (B) have obtained the power (whether or not exercised) to elect a
majority of the Borrower's
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directors or (ii) the Board of Directors of the Borrower shall cease to consist
of a majority of Continuing Directors.
"Code" shall mean the Internal Revenue Code of 1986, as
amended from time to time, and the regulations promulgated and rulings issued
thereunder. Section references to the Code are to the Code, as in effect at the
date of this Agreement and any subsequent provisions of the Code, amendatory
thereof, supplemental thereto or substituted therefor.
"Collateral" shall mean all property with respect to which any
security interests have been granted (or purported to be granted) pursuant to
any Security Document, including, without limitation, all Pledge Agreement
Collateral, all Security Agreement Collateral, all cash and Cash Equivalents
delivered as collateral pursuant to Section 4.02 or 10 hereof and all Additional
Collateral, if any.
"Collateral Agent" shall mean the Administrative Agent acting
as collateral agent for the Secured Creditors pursuant to the Security
Documents.
"Commitment" shall mean any of the commitments of any Lender,
including its A Term Loan Commitment (if any), B Term Loan Commitment (if any)
and Revolving Loan Commitment (if any).
"Commitment Commission" shall have the meaning provided in
Section 3.01(a).
"Company Disclosure Schedule" shall mean the "Company
Disclosure Schedule" dated as of October 26, 2000, referred to in the Flowers
Industries Merger Agreement.
"Consolidated Current Assets" shall mean, at any time, the
current assets of the Borrower and its Subsidiaries at such time determined on a
consolidated basis in accordance with GAAP.
"Consolidated Current Liabilities" shall mean, at any time,
the current liabilities of the Borrower and its Subsidiaries determined on a
consolidated basis in accordance with GAAP, but excluding deferred income taxes,
and the current portion of and accrued but unpaid interest on any Indebtedness
under this Agreement and any other long-term Indebtedness which would otherwise
be included therein.
"Consolidated EBIT" shall mean, for any period, the
Consolidated Net Income for such period, before interest expense and provision
for taxes based on income and without giving effect to any extraordinary gains
or losses or gains or losses from Asset Sales.
"Consolidated EBITDA" shall mean, for any period, Consolidated
EBIT, adjusted by adding thereto (x) the amount of all amortization of
intangibles and depreciation (to the extent same reduced Consolidated EBIT for
such period), (y) in respect of calculations of Consolidated EBITDA which
require the use of amounts specified in the financial statements referred to in
clause (iii) of the definition of Test Period, rental expense for periods
preceding the Initial Borrowing Date (to the extent same reduced Consolidated
EBIT for such period) in respect of
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equipment purchased by Flowers Industries and/or its Subsidiaries and/or the
Borrower and/or its Subsidiaries on or prior to the Initial Borrowing Date
pursuant to the Equipment Purchase and (z) all cash insurance proceeds received
by the Borrower and its Subsidiaries during any Test Period in respect of
nonrecurring expenses for which a charge was taken by the Borrower against its
Consolidated Net Income in (and which reduced Consolidated EBIT for) such Test
Period. Notwithstanding anything to the contrary contained above, to the extent
Consolidated EBITDA is to be determined for any Test Period which ends prior to
the last day of the fiscal quarter of the Borrower ending closest to March 31,
2002, Consolidated EBITDA shall be calculated in accordance with the definition
of Test Period contained herein.
"Consolidated Fixed Charge Coverage Ratio" for any period
shall mean the ratio of (i) Consolidated EBITDA for such period to (ii)
Consolidated Fixed Charges for such period.
"Consolidated Fixed Charges" for any period shall mean the
sum, without duplication, of (i) Consolidated Interest Expense for such period,
(ii) the amount of all taxes paid by the Borrower and its Subsidiaries
determined on a consolidated basis for such period, (iii) the amount of all
Capital Expenditures for such period (other than Capital Expenditures permitted
pursuant to Section 9.07(b)), (iv) the amount of all cash Dividends paid by the
Borrower and its Subsidiaries determined on a consolidated basis for such period
and (v) the aggregate amount of all Scheduled Repayments and scheduled
repayments of Indebtedness other than that outstanding pursuant to this
Agreement (in each case calculated as of the first day of such period) required
to be made during such period.
"Consolidated Indebtedness" shall mean, as at any date of
determination and without duplication, the aggregate stated balance sheet amount
of all Indebtedness (but including in any event the then outstanding principal
amount of all Loans, all Capitalized Lease Obligations and all Letter of Credit
Outstandings and excluding, to the extent duplicative, any letter of credit
issued in connection with the Lease Program) of the Borrower and its
Subsidiaries on a consolidated basis as determined in accordance with GAAP;
provided that Indebtedness outstanding pursuant to trade payables and accrued
expenses incurred in the ordinary course of business shall be excluded in
determining Consolidated Indebtedness.
"Consolidated Interest Coverage Ratio" shall mean, for any
period, the ratio of (i) Consolidated EBITDA for such period to (ii)
Consolidated Interest Expense for such period.
"Consolidated Interest Expense" shall mean, for any period,
the total consolidated interest expense of the Borrower and its Subsidiaries for
such period (calculated without regard to any limitations on the payment
thereof) plus, without duplication, that portion of Capitalized Lease
Obligations of the Borrower and its Subsidiaries representing the interest
factor for such period, but excluding the amortization of any deferred financing
costs.
"Consolidated Net Income" shall mean, for any period, the
consolidated net after tax income (or loss) of the Borrower and its Subsidiaries
determined in accordance with GAAP, provided that in determining Consolidated
Net Income of the Borrower and its Subsidiaries (i) the net income of any Person
which is not a Subsidiary of the Borrower or is accounted for by the Borrower by
the equity method of accounting shall be included only to the extent of the
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payment of dividends or disbursements by such Person to the Borrower or a
Wholly-Owned Subsidiary of the Borrower during such period, (ii) except for
determinations expressly required to be made on a Pro Forma Basis, the net
income (or loss) of any Person acquired prior to the date it becomes a
Subsidiary or all or substantially all of the property or assets of such Person
are acquired by a Subsidiary shall be excluded from such determination and (iii)
the net income of any Subsidiary to the extent that the declaration or payment
of dividends or similar distributions by such Subsidiary of such net income is
not at the time permitted by the operation of the terms of its charter or any
agreement, instrument, judgment, decree, order, statute, rule or governmental
regulation applicable to such Subsidiary shall be excluded from such
determination.
"Consolidating" shall mean, in respect of any financial
statements required to be delivered by the Borrower, the preparation of such
financial statements on a consolidating basis by reportable segment of the
business of the Borrower and its Subsidiaries, which reportable segments on the
Effective Date consist of Xxx. Xxxxx'x, Flowers Bakeries and Flowers Corporate.
"Contingent Obligation" shall mean, as to any Person, any
obligation of such Person guaranteeing or intended to guarantee any
Indebtedness, leases, dividends or other obligations ("primary obligations") of
any other Person (the "primary obligor") in any manner, whether directly or
indirectly, including, without limitation, any obligation of such Person,
whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or
supply funds (x) for the purchase or payment of any such primary obligation or
(y) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor
to make payment of such primary obligation or (iv) otherwise to assure or hold
harmless the holder of such primary obligation against loss in respect thereof;
provided, however, that the term Contingent Obligation shall not include
endorsements of instruments for deposit or collection in the ordinary course of
business and any products warranties extended in the ordinary course of
business. The amount of any Contingent Obligation shall be deemed to be an
amount equal to the stated or determinable amount of the primary obligation in
respect of which such Contingent Obligation is made (or, if less, the maximum
amount of such primary obligation for which such Person may be liable pursuant
to the terms of the instrument evidencing such Contingent Obligation) or, if not
stated or determinable, the maximum reasonably anticipated liability in respect
thereof (assuming such Person is required to perform thereunder) as determined
by such Person in good faith.
"Continuing Directors" shall mean the directors of the
Borrower on the Initial Borrowing Date and each other director, if such other
director's nomination for election to the Board of Directors of the Borrower is
recommended by a majority of the then Continuing Directors or is recommended by
a committee of the Board of Directors a majority of which is composed of the
then Continuing Directors.
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"Credit Documents" shall mean this Agreement, each Note, each
Security Document, the Subsidiaries Guaranty and, after the execution and
delivery thereof, each additional guaranty or security document executed
pursuant to Section 8.12.
"Credit Event" shall mean the making of any Loan or the
issuance of any Letter of Credit.
"Credit Party" shall mean the Borrower, each Subsidiary
Guarantor and any other Subsidiary which at any time executes and delivers any
Credit Document as required by this Agreement.
"Cumulative Retained Excess Cash Flow Amount" shall initially
mean $0; provided that (A) on each Excess Cash Payment Date, the Cumulative
Retained Excess Cash Flow Amount shall be increased by an amount equal to 75% of
the Excess Cash Flow for the relevant Excess Cash Payment Period (or, if Excess
Cash Flow for such period is a negative amount, the Cumulative Retained Excess
Cash Flow Amount shall be reduced by an amount equal to 100% of the Excess Cash
Flow (for this purpose expressed as a positive amount) for the relevant Excess
Cash Flow Payment Period) and (B) the Cumulative Retained Excess Cash Flow
Amount shall be reduced (x) on the date each Dividend is paid pursuant to
Section 9.03(v), by the aggregate amount of the Dividends so paid on such date,
(y) on each date upon which any consideration paid for one or more Permitted
Acquisitions is justified pursuant to the proviso to Section 9.05(v)(h), by the
total amount of consideration so justified and (z) on each date upon which any
Capital Expenditures are made pursuant to Section 9.07(c), by the aggregate
amount thereof.
"Debt Agreements" shall have the meaning provided in Section
5.05.
"Default" shall mean any event, act or condition which with
notice or lapse of time, or both, would constitute an Event of Default.
"Defaulting Lender" shall mean any Lender with respect to
which a Lender Default is in effect.
"Distribution Agreement" shall mean the Distribution Agreement
between Flowers Industries and the Borrower, dated as of October 26, 2000,
together with all schedules and exhibits thereto, as same may be amended,
modified or supplemented from time to time in accordance with the requirements
of this Agreement.
"Distributor" shall mean any Person which is a distributor of
products of the Borrower or one or more of its Subsidiaries.
"Distributor Notes" shall mean promissory notes of
Distributors evidencing (i) loans previously outstanding pursuant to the
Existing Distributor Note Documents and acquired by the Borrower and its
Subsidiaries pursuant to the Refinancing, and (ii) any other loans made by the
Borrower and its Subsidiaries pursuant to Section 9.05(ix), in each case
substantially in the form set forth in the Existing Distributor Note Documents.
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"Dividend" with respect to any Person shall mean that such
Person has declared or paid a dividend or returned any equity capital to its
stockholders or members or other holders of its Equity Interests or authorized
or made any other distribution, payment or delivery of property (other than
common stock of such Person) or cash to its stockholders or members or other
holders of its Equity Interests as such, or redeemed, retired, purchased or
otherwise acquired, directly or indirectly, for a consideration any shares of
any class of its capital stock or membership interests or other Equity Interests
outstanding on or after the Effective Date (or any options or warrants issued by
such Person with respect to its Equity Interests), or set aside any funds for
any of the foregoing purposes, or shall have permitted any of its Subsidiaries
to purchase or otherwise acquire for a consideration any shares of any class of
the capital stock of, or Equity Interests in, such Person outstanding on or
after the Effective Date (or any options or warrants issued by such Person with
respect to its capital stock or other Equity Interests). "Dividends" with
respect to any Person shall not include (x) the cashless exercise of options,
warrants or other rights to purchase stock or (y) payments made or required to
be made by such Person with respect to any stock appreciation rights, plans,
equity incentive or achievement plans or any similar plans or setting aside of
any funds for the foregoing purposes, in each case to the extent the respective
payments reduce the Consolidated Net Income of such Person for the period in
which such payments were made or accrued. Notwithstanding anything to the
contrary contained above, "Dividends" with respect to any Person shall include
any payments of the types described in preceding clause (y) if the respective
payments did not reduce Consolidated Net Income of such Person for the period in
which such payments were made or accrued.
"Documents" shall mean the (i) Credit Documents, (ii) the
Merger Documents, (iii) the Lease Program Documents and (iv) the Existing
Debentures Tender Offer Documents.
"Dollars" and the sign "$" shall each mean lawful money of the
United States.
"Domestic Subsidiary" shall mean each Subsidiary of the
Borrower that is incorporated or organized in the United States of America, any
State thereof, the United States Virgin Islands or Puerto Rico.
"Domestic Wholly-Owned Subsidiary" shall mean each Domestic
Subsidiary which is a Wholly-Owned Subsidiary of the Borrower.
"Drawing" shall have the meaning provided in Section 2.04(b).
"Effective Date" shall have the meaning provided in Section
13.10.
"Elf Disclosure Schedules" shall mean the Elf Disclosure
Schedules as defined in, and delivered pursuant to, the Keebler Merger
Agreement.
"Eligible Assets" shall have the meaning provided in Section
4.02(e).
"Eligible Transferee" shall mean and include a commercial
bank, insurance company, financial institution, fund or other Person which
regularly purchases interests in loans or extensions of credit of the types made
pursuant to this Agreement, any other Person which would
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constitute a "qualified institutional buyer" within the meaning of Rule 144A
under the Securities Act as in effect on the Effective Date or other "accredited
investor" (as defined in Regulation D of the Securities Act).
"Employee Benefit Plans" shall have the meaning provided in
Section 5.05.
"End Date" shall have the meaning assigned that term in the
definition of "Applicable Margin" contained herein.
"Environmental Claims" shall mean any and all administrative,
regulatory or judicial actions, suits, demands, demand letters, directives,
claims, liens, notices of noncompliance or violation, investigations or
proceedings relating in any way to any Environmental Law or any permit issued,
or any approval given, under any such Environmental Law (hereafter, "Claims"),
including, without limitation, (a) any and all Claims by governmental or
regulatory authorities for enforcement, cleanup, removal, response, remedial or
other actions or damages pursuant to any applicable Environmental Law, and (b)
any and all Claims by any third party seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief in connection
with alleged injury or threat of injury to health, safety or the environment due
to the presence of Hazardous Materials.
"Environmental Law" shall mean any applicable Federal, state,
foreign or local statute, law, rule, regulation, ordinance, code, binding and
enforceable guideline, binding and enforceable written policy and rule of common
law now or hereafter in effect and in each case as amended, and any judicial or
administrative interpretation thereof, including any judicial or administrative
order, consent decree or judgment, to the extent binding on the Borrower or any
of its Subsidiaries, relating to the environment, employee health and safety or
Hazardous Materials, including, without limitation, CERCLA; RCRA; the Federal
Water Pollution Control Act, 33 U.S.C. ss. 1251 et seq.; the Toxic Substances
Control Act, 15 U.S.C. ss. 2601 et seq.; the Clean Air Act, 42 U.S.C. ss. 7401
et seq.; the Safe Drinking Water Act, 42 U.S.C. ss. 3803 et seq.; the Oil
Pollution Act of 1990, 33 U.S.C. ss. 2701 et seq.; the Emergency Planning and
the Community Right-to-Know Act of 1986, 42 U.S.C. ss. 11001 et seq.; the
Hazardous Material Transportation Act, 49 U.S.C. ss. 1801 et seq.; the
Occupational Safety and Health Act, 29 U.S.C. ss. 651 et seq. (to the extent it
regulates occupational exposure to Hazardous Materials); and any state and local
or foreign counterparts or equivalents, in each case as amended from time to
time.
"Equipment Purchase" shall mean the purchase by Flowers
Industries and/or its Subsidiaries or the Borrower and/or its Subsidiaries, as
applicable, of the equipment previously subject to (i) the Master Lease
Agreement, dated as of October 20, 1995, between Wachovia Leasing Corporation
and Flowers Industries, as amended, modified and/or supplemented prior to the
Effective Date and (ii) the Master Equipment Lease between SunTrust Leasing
Corporation (formerly SunTrust Bank, Atlanta) and Flowers Industries, as amended
prior to the Effective Date.
"Equipment Purchase Documents" shall mean all of the
agreements governing or relating to the Equipment Purchase.
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"Equity Interest" of any Person shall mean any and all shares,
interests, rights to purchase, warrants, options, participations or other
equivalents of or interest in (however designated) equity of such Person,
including, without limitation, any common stock, preferred stock, any limited or
general partnership interest and any limited liability company membership
interest.
"ERISA" shall mean the Employee Retirement Income Security Act
of 1974, as amended from time to time, and the regulations promulgated and
rulings issued thereunder. Section references to ERISA are to ERISA, as in
effect at the date of this Agreement and any subsequent provisions of ERISA,
amendatory thereof, supplemental thereto or substituted therefor.
"ERISA Affiliate" shall mean each person (as defined in
Section 3(9) of ERISA) which together with the Borrower or a Subsidiary of the
Borrower would be deemed to be a "single employer" (i) within the meaning of
Section 414(b), (c), (m) or (o) of the Code or (ii) as a result of the Borrower
or any Subsidiary of the Borrower being or having been a general partner of such
person.
"Eurodollar Loan" shall mean each Loan (excluding Swingline
Loans) designated as such by the Borrower at the time of the incurrence thereof
or conversion thereto.
"Eurodollar Rate" shall mean (a) the offered quotation to the
Administrative Agent in the New York interbank Eurodollar market (rounded upward
to the nearest 1/16 of 1%) for Dollar deposits of amounts in immediately
available funds comparable to the outstanding principal amount of the Eurodollar
Loan of the Administrative Agent (or another Lender selected by the
Administrative Agent if the Administrative Agent is not making a Eurodollar Loan
at such time) with maturities comparable to the Interest Period applicable to
such Eurodollar Loan commencing two Business Days thereafter as of 11:00 A.M.
(New York time) on the date which is two Business Days prior to the commencement
of such Interest Period, divided (and rounded upward to the nearest 1/16 of 1%)
by (b) a percentage equal to 100% minus the then stated maximum rate of all
reserve requirements (including, without limitation, any marginal, emergency,
supplemental, special or other reserves required by applicable law) applicable
to any member bank of the Federal Reserve System in respect of Eurocurrency
funding or liabilities as defined in Regulation D (or any successor category of
liabilities under Regulation D).
"Event of Default" shall have the meaning provided in Section
10.
"Excess Cash Flow" shall mean, for any period, the remainder
of (i) the sum of (a) Adjusted Consolidated Net Income for such period, (b) the
decrease, if any, in Adjusted Consolidated Working Capital from the first day to
the last day of such period and (c) all repayments of principal received by the
Borrower and its Subsidiaries during such period (including without limitation,
repayments of principal received with respect to loans or Indebtedness owning to
the Borrower and Subsidiaries by one or more Distributors), minus (ii) the sum
of (a) the amount of all Capital Expenditures made by the Borrower and its
Subsidiaries pursuant to Sections 9.07(a) during such period, (b) the aggregate
amount of consideration (including all post-closing and other adjustments to any
purchase price) in connection with Permitted Acquisitions during such period
(but excluding any consideration in the form of
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assumption of Indebtedness pursuant to Section 9.04(vii) and any consideration
justified pursuant to the proviso to Section 9.05(v)(h)), (c) the aggregate
principal amount of permanent principal payments of Indebtedness for borrowed
money of the Borrower and its Subsidiaries (other than payments made pursuant to
the Refinancing and any repayments of Loans, provided that repayments of Loans
shall be included in the deduction set forth in clause (ii)(c) above in
determining Excess Cash Flow if such repayments were (x) required as a result of
a Scheduled Repayment or (y) made as a voluntary prepayment with internally
generated funds (but in the case of a voluntary prepayment of Revolving Loans or
Swingline Loans, only to the extent accompanied by a voluntary reduction to the
Total Revolving Loan Commitment in an equal amount)) during such period, (d) the
amount of all Dividends paid during such period pursuant to Section 9.03(ii) and
(iii), (e) the aggregate principal amount of loans made to Distributors during
such period pursuant to Section 9.05(ix), (f) the amount of all net Investments
made during such period pursuant to Section 9.05(x) and (g) the increase, if
any, in Adjusted Consolidated Working Capital from the first day to the last day
of such period.
"Excess Cash Flow Payment Period" shall mean, with respect to
each Excess Cash Payment Date, the immediately preceding fiscal year of the
Borrower (or, in the case of the first Excess Cash Flow Payment Period, the
period from the first day of the second fiscal quarter of such fiscal year to
the last day of such fiscal year).
"Excess Cash Payment Date" shall mean each date occurring 90
days after the last day of a fiscal year of the Borrower (beginning with its
fiscal year ending closest to December 31, 2001).
"Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended.
"Excluded Mexico Assets" shall mean assets of the Borrower and
its Subsidiaries located in Mexico, so long as the Borrower and such
Subsidiaries intend to sell such assets or relocate such assets (and are in good
faith progressing towards such sale or relocation) and the aggregate fair market
value of such assets does not at any time exceed $500,000.
"Existing Debentures" shall mean the 7.15% Debentures due 2028
issued pursuant to the Existing Debentures Indenture.
"Existing Debentures Indenture" shall mean the Indenture,
dated as of April 27, 1998, between Flowers Industries and SunTrust, as trustee,
as amended, restated, modified and/or supplemented on or prior to the Initial
Borrowing Date.
"Existing Debentures Tender Offer" shall have the meaning
provided in Section 5.07.
"Existing Debentures Tender Offer Documents" shall mean the
documentation delivered to holders of Existing Debentures in connection with the
Existing Debentures Tender Offer.
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"Existing Debentures Trustee" shall mean SunTrust, as trustee
pursuant to the Existing Debentures Indenture and any successor as trustee
thereunder.
"Existing Distributor Notes" shall mean all promissory notes
executed by one or more Distributors, pursuant to the Existing Distributor Note
Documents.
"Existing Distributor Note Documents" shall mean (i) the Loan
Facility Agreement, dated as of November 5, 1999, by and among, Flowers
Industries, SunTrust and each of the participants party thereto and (ii) any
other document or agreement executed in connection therewith, in each case as
amended, restated, modified and/or supplemented prior to the Initial Borrowing
Date.
"Existing Indebtedness" shall have the meaning provided in
Section 7.22(a).
"Facing Fee" shall have the meaning provided in Section
3.01(c).
"Federal Funds Rate" shall mean, for any day, an interest rate
per annum equal to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal
funds brokers on such day, as published for such day (or, if such day is not a
Business Day, for the immediately preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations at approximately 11 a.m. (New York
time) on such day on such transactions received by the Administrative Agent from
three Federal funds brokers of recognized standing selected by the
Administrative Agent in its sole discretion.
"Fees" shall mean all amounts payable pursuant to or referred
to in Section 3.01.
"Flowers Industries" shall mean Flowers Industries, Inc., a
Georgia corporation.
"Flowers Industries Merger" shall mean the merger, immediately
following the Spin-off, of Flowers Industries (whose only material asset,
following the consummation of the Spin-off, shall be its Equity Interests in
Keebler) with and into a wholly-owned subsidiary of Kellogg.
"Flowers Industries Merger Agreement" shall mean the Agreement
and Plan of Restructuring and Merger dated as of October 26, 2000 among Flowers
Industries, Kellogg and Kansas Merger Subsidiary, Inc., together with all
schedules and exhibits thereto (including the Company Disclosure Schedule), as
same may be amended, modified or supplemented from time to time in accordance
with the requirements of this Agreement.
"Foreign Pension Plan" shall mean any plan, fund (including,
without limitation, any superannuation fund) or other similar program
established or maintained outside the United States of America by the Borrower
or any one or more of its Subsidiaries primarily for the benefit of employees of
the Borrower or such Subsidiaries residing outside the United States of America,
which plan, fund or other similar program provides, or results in, retirement
income, a
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deferral of income in contemplation of retirement or payments to be made upon
termination of employment, and which plan is not subject to ERISA or the Code.
"Foreign Subsidiary" shall mean each Subsidiary of the
Borrower that is incorporated or organized under the laws of any jurisdiction
other than the United States of America, any State thereof, the United States
Virgin Islands or Puerto Rico.
"GAAP" shall have the meaning provided in Section 13.07(a).
"Hazardous Materials" shall mean (a) any petroleum or
petroleum products, radioactive materials, asbestos in any form that is or could
become friable, ureaformaldehyde foam insulation, transformers or other
equipment that contain dielectric fluid containing levels of polychlorinated
biphenyls, and radon gas; (b) any chemicals, materials or substances defined as
or included in the definition of "hazardous substances," "hazardous waste,"
"hazardous materials," "extremely hazardous substances," "restricted hazardous
waste," "toxic substances," "toxic pollutants," "contaminants," or "pollutants,"
or words of similar import, under any applicable Environmental Law; and (c) any
other chemical, material or substance, exposure to which is prohibited, limited
or regulated by any governmental authority under Environmental Laws.
"Highest Applicable Margins" shall have the meaning assigned
that term in the definition of or "Applicable Margin" contained herein.
"Indebtedness" shall mean, as to any Person, without
duplication, (i) all indebtedness (including principal, interest, fees and
charges) of such Person for borrowed money or for the deferred purchase price of
property or services, other than trade payables arising in the ordinary course
of business, (ii) the maximum amount available to be drawn under all letters of
credit issued for the account of such Person and all unpaid drawings in respect
of such letters of credit, (iii) all Indebtedness of the types described in
clause (i), (ii), (iv), (v), (vi) or (vii) of this definition secured by any
Lien on any property owned by such Person, whether or not such Indebtedness has
been assumed by such Person (to the extent of the value of the respective
property), (iv) the aggregate amount required to be capitalized under leases
under which such Person is the lessee, (v) all obligations of such Person to pay
a specified purchase price for goods or services, whether or not delivered or
accepted, i.e., take-or-pay and similar obligations, (vi) all Contingent
Obligations of such Person and (vii) all obligations of such Person under or
with respect to any Interest Rate Protection Agreement or Other Hedging
Agreement or under any similar type of agreement.
"Indebtedness to be Refinanced" shall have the meaning
provided in Section 7.22(b).
"Initial Borrowing Date" shall mean the date occurring on or
after the Effective Date on which the initial Credit Event hereunder occurs.
"Intercompany Loans" shall have the meaning provided in
Section 9.05.
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"Interest Determination Date" shall mean, with respect to any
Eurodollar Loan, the second Business Day prior to the commencement of any
Interest Period relating to such Eurodollar Loan.
"Interest Period" shall have the meaning provided in Section
1.09.
"Interest Rate Protection Agreement" shall mean any interest
rate swap agreement, interest rate cap agreement, interest collar agreement,
interest rate hedging agreement, interest rate floor agreement or other similar
agreement or arrangement.
"Investments" shall mean, for any Person: (i) the acquisition
(whether for cash, property, services, securities or otherwise) of Equity
Interests, bonds, notes, debentures or other securities of any other Person;
(ii) the making by such Person of any deposit with, or advance, loan or other
extension of credit to or on behalf of, any other Person (including the purchase
of property from another Person subject to an understanding or agreement,
contingent or otherwise, to resell such property to such other Person) or any
commitment to make any such advance, loan or extension of credit (but excluding
accounts receivable arising in the ordinary course of business), (iii) the
making of any capital contribution by such Person to another Person, (iv) any
acquisition of all or substantially all of the assets of any other Person (or
all or substantially all of the assets of a product line or division of any such
other Person) or (v) the purchase or ownership of, or liability with respect to,
a futures contract for the purchase or sale of currency or other commodities at
a future date in the nature of a futures contract, or the entering into of any
other Interest Rate Protection Agreement or any Other Hedging Agreement or (vi)
the ownership of any cash or Cash Equivalents.
"Issuing Lender" shall mean the Administrative Agent (and/or
one or more Affiliates of the Administrative Agent (including, without
limitation, Deutsche Bank AG, New York Branch) designated by it from time to
time to act as an Issuing Lender hereunder) and any Lender or Affiliate thereof
which at the request of the Borrower and with the consent of the Administrative
Agent (which shall not be unreasonably withheld) agrees, in such Lender's (and,
if relevant, the respective Affiliate's) sole discretion, to become an Issuing
Lender for the purpose of issuing Letters of Credit pursuant to Section 2.
"Keebler" shall mean Keebler Foods Company, a Delaware
corporation.
"Kellogg" shall mean Xxxxxxx Company, a Delaware corporation.
"L/C Supportable Indebtedness" shall mean (i) obligations of
the Borrower or any of its Subsidiaries incurred in the ordinary course of
business with respect to insurance obligations and workers' compensation, surety
bonds and other similar statutory obligations and (ii) such other obligations of
the Borrower or any of its Subsidiaries as are permitted to exist pursuant to
the terms of this Agreement.
"Lead Arranger" shall mean Deutsche Banc Alex. Xxxxx Inc.
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"Lease Program" shall mean the lease program of the Borrower
and/or its subsidiaries existing pursuant to the Lease Program Documents.
"Lease Program Documents" shall mean (i) the Master Lease
Financing Agreement, dated as of March 26, 2001, between General Electric
Capital Corporation, as lessor and the Borrower, as lessee (the "Master Lease"),
and (ii) any other document executed in connection therewith, in each case as
amended, restated, modified and/or supplemented prior to the Initial Borrowing
Date or from time to time thereafter in accordance with the requirements of this
Agreement.
"Lease Program Obligations" shall mean all Indebtedness of the
Borrower and/or its Subsidiaries pursuant to the Lease Program or any Permitted
Lease Refinancing.
"Leaseholds" of any Person means all the right, title and
interest of such Person as lessee or licensee in, to and under leases or
licenses of land, improvements and/or fixtures.
"Lender" shall mean each financial institution listed on
Schedule I, as well as any Person which becomes a "Lender" hereunder pursuant to
13.04(b).
"Lender Default" shall mean (i) the refusal (which has not
been retracted) of a Lender to make available its portion of any Borrowing
(including any Mandatory Borrowing) required to be made in accordance with the
terms of this Agreement as then in effect or to fund its portion of any
unreimbursed payment under Section 2.03(c) or (ii) a Lender having notified in
writing the Borrower and/or the Administrative Agent that it does not intend to
comply with its obligations under Section 1.01 or Section 2.
"Letter of Credit" shall have the meaning provided in Section
2.01(a).
"Letter of Credit Fee" shall have the meaning provided in
Section 3.01(b).
"Letter of Credit Outstandings" shall mean, at any time, the
sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit and
(ii) the amount of all Unpaid Drawings.
"Letter of Credit Request" shall have the meaning provided in
Section 2.02(a).
"Leverage Ratio" shall mean, at any date of determination, the
ratio of Consolidated Indebtedness on such date to Consolidated EBITDA for the
Test Period last ended on or prior to such date; provided that Consolidated
EBITDA shall be determined on a Pro Forma Basis to give effect to the
Transaction (if same occurred after the first date of the respective Test
Period) and all Permitted Acquisition (if any) actually made during the Test
Period referenced above. Furthermore, to the extent provided in the definition
of "Applicable Margin", certain determinations of the Leverage Ratio pursuant
thereto shall be further determined on a Pro Forma Basis to give effect to
Permitted Acquisitions consummated after the last day of the respective Test
Period and on or prior to the date of the delivery of the certificate referenced
therein, as well as to any Indebtedness incurred or assumed in connection
therewith.
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"Lien" shall mean any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other),
preference, priority or other security agreement of any kind or nature
whatsoever (including, without limitation, any conditional sale or other title
retention agreement, any financing or similar statement or notice filed under
the UCC or any other similar recording or notice statute, and any lease having
substantially the same effect as any of the foregoing).
"Loan" shall mean, collectively, each A Term Loan, each B Term
Loan, each Revolving Loan and each Swingline Loan.
"Majority Lenders" of any Tranche shall mean those
Non-Defaulting Lenders which would constitute the Required Lenders under, and as
defined in, this Agreement if all outstanding Obligations of the other Tranches
under this Agreement were repaid in full and all Commitments with respect
thereto were terminated.
"Mandatory Borrowing" shall have the meaning provided in
Section 1.01(e).
"Margin Regulations" shall mean Regulation T, Regulation U and
Regulation X.
"Margin Stock" shall have the meaning provided in Regulation
U.
"Master Lease" shall have the meaning provided in the
definition of Lease Program Documents.
"Material Adverse Change" shall mean (x) a material adverse
change in the rights or remedies of the Lenders or the Administrative Agent or
Collateral Agent pursuant to the Credit Documents, (y) a material adverse change
in the ability of the Borrower and its Subsidiaries to perform their obligations
pursuant to the Credit Documents or (z) any material adverse change in the
business, operations, property, assets, liabilities, condition (financial or
otherwise) or prospects of the Borrower and its Subsidiaries taken as a whole
(after giving effect to the Transaction, but for this purpose assuming that the
Borrower and its Subsidiaries have no ongoing liabilities to Kellogg and its
Subsidiaries pursuant to the Merger Documents except as specifically disclosed
pursuant to Section 7.05(d)).
"Material Adverse Effect" shall mean (x) a material adverse
effect on the rights or remedies of the Lenders or the Administrative Agent or
Collateral Agent pursuant to the Credit Documents, (y) a material adverse effect
on the ability of the Borrower and its Subsidiaries to perform their obligations
pursuant to the Credit Documents or (z) a material adverse effect on the
business, operations, property, assets, liabilities, condition (financial or
otherwise) or prospects of the Borrower and its Subsidiaries taken as a whole
(after giving effect to the Transaction, but for this purpose assuming that the
Borrower and its Subsidiaries have no ongoing liabilities to Kellogg and its
Subsidiaries pursuant to the Merger Documents except as specifically disclosed
pursuant to Section 7.05(d)).
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"Maturity Date" shall mean, with respect to any Tranche of
Loans, the A Term Loan Maturity Date, the B Term Loan Maturity Date, the
Revolving Loan Maturity Date or the Swingline Expiry Date, as the case may be.
"Maximum Swingline Amount" shall mean $20,000,000.
"Maximum Waivable Amount" shall have the meaning provided in
Section 4.02(k).
"Merger Documents" shall mean and include (i) the Distribution
Agreement, (ii) the Flowers Industries Merger Agreement, (iii) the Voting
Agreement, (iv) the Proxy Materials and (v) any other document or agreement
executed or delivered in connection therewith, in each case as in effect and in
form and substance last distributed to the Administrative Agent prior to the
Initial Borrowing Date, and as same may be amended, modified or supplemented
thereafter in accordance with the requirements of this Agreement.
"Moody's" shall mean Xxxxx'x Investors Service, Inc., or any
successor thereto.
"Net Asset Sale Proceeds" shall mean, with respect to any
Asset Sale, all cash (and Cash Equivalents) payments (including any cash and
Cash Equivalents received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so
received) received by the Borrower or any of its Subsidiaries from such Asset
Sale, net of any bona fide costs incurred in connection with such Asset Sale,
including (i) income taxes reasonably estimated to be actually payable within 15
months of the date of such Asset Sale as a result of any gain recognized in
connection with such Asset Sale and (ii) payment of the outstanding principal
amount of, premium or penalty, if any, and interest on any Indebtedness (other
than the Loans and Indebtedness owed to the Borrower or any of its Subsidiaries)
that is secured by a Lien on the assets in question and that is repaid (and
required to be repaid) as a result of such Asset Sale.
"Net Insurance/Condemnation Proceeds" shall mean any cash (and
Cash Equivalents) payments or proceeds received by the Borrower or any of its
Subsidiaries (i) under any casualty insurance policy in respect of a covered
loss thereunder or (ii) as a result of the taking of any assets of the Borrower
or any of its Subsidiaries by any Person pursuant to the power of eminent
domain, condemnation or otherwise, or pursuant to a sale of any such assets to a
purchaser with such power under threat of such a taking, in each case net of any
actual and documented costs incurred by the Borrower or any of its Subsidiaries
in connection with the adjustment or settlement of any claims of the Borrower or
such Subsidiary in respect thereof, including (x) income taxes reasonably
estimated to be actually payable within two years of the date of receipt of such
payments or proceeds as a result of any gain recognized in connection with the
receipt of such payment or proceeds and (y) payment of the outstanding amount of
premium or penalty, if any, and interest of any Indebtedness (other than the
Loans and Indebtedness owed to the Borrower or any of its Subsidiaries) that is
secured by a Lien on the stock or assets in question and that is repaid as a
result of receipt of such payments or proceeds.
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"Non-Defaulting Lender" shall mean and include each Lender other than a
Defaulting Lender.
"Non-Wholly Owned Entity" shall have the meaning provided in Section
9.05(v).
"Note" shall mean, collectively, each A Term Note, each B Term Note,
each Revolving Note and the Swingline Note.
"Notes" shall mean, collectively, each A Term Note, each B Term Note,
each Revolving Note and the Swingline Note.
"Notice of Borrowing" shall have the meaning provided in Section
1.03(a).
"Notice of Conversion/Continuation" shall have the meaning provided in
Section 1.06.
"Notice Office" shall mean the office of the Administrative Agent
located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or such other office as
the Administrative Agent may hereafter designate in writing as such to the other
parties hereto.
"Obligations" shall mean all amounts owing to the Administrative Agent,
the Collateral Agent or any Lender pursuant to the terms of this Agreement or
any other Credit Document.
"Other Hedging Agreement" shall mean any foreign exchange contracts,
currency swap agreements, commodity agreements or other similar agreements or
arrangements designed to protect against the fluctuations in currency or
commodity values.
"Participant" shall mean with respect to each Letter of Credit and all
Letter of Credit Outstandings relating thereto, each Revolving Lender in
accordance with the provisions of Section 2.03(a).
"Participation" shall mean with respect to each Letter of Credit and
all Letter of Credit Outstandings relating thereto, the participation of each
Revolving Lender therein as determined in accordance with the provisions of
Section 2.03(a).
"Payment Office" shall mean the office of the Administrative Agent
located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or such other office as
the Administrative Agent may hereafter designate in writing as such to the other
parties hereto.
"PBGC" shall mean the Pension Benefit Guaranty Corporation established
pursuant to Section 4002 of ERISA, or any successor thereto.
"Period" shall mean each of the thirteen four consecutive week periods
constituting a fiscal year of the Borrower, with the first of such Periods in
each fiscal year to begin on the Sunday immediately following the Borrower's
fiscal year end and end on the Saturday occurring four weeks thereafter, and
with each subsequent Period to begin on the
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Sunday immediately following the previous Period and end on the Saturday
occurring four weeks thereafter.
"Permitted Acquisition" shall have the meaning provided in Section
9.05(v).
"Permitted Bakery Swap" shall mean the swap by the Borrower or any of
its Subsidiaries of a bakery with a book value of less than $20,000,000 for
another bakery (theretofore owned by a Person other than the Borrower and its
Subsidiaries), which newly acquired bakery must have a fair market value which,
in the good faith judgment of the Borrower, is at least equal to 75% of the fair
market value of the bakery being swapped by the Borrower or its respective
Subsidiary and if the respective bakery being received pursuant to the Permitted
Bakery Swap has a fair market value which is less than the bakery being swapped,
the Borrower or its respective Subsidiary shall receive cash in an amount at
least equal to the differential in the fair market values (as determined by the
Borrower in good faith) and, if the bakery being received in the Permitted
Bakery Swap has a fair market value (as determined by the Borrower in good
faith) in excess of the value of the bakery being disposed of pursuant to the
Permitted Bakery Swap, any additional consideration being paid by the Borrower
or its respective Subsidiary in connection therewith shall be justified pursuant
to Section 9.07.
"Permitted Holders" shall mean the descendants of Xxxxxxx X. Xxxxxxx,
Xx. and members of their immediate families.
"Permitted Lease Refinancing" shall mean any Capitalized Lease
Obligations of the Borrower or any of its Subsidiaries incurred to extend,
refinance, renew or replace the Lease Program, provided that (i) such Permitted
Lease Refinancing shall relate to the same Equipment (as defined in the Lease
Program Documents) as is otherwise permitted hereunder to be subject to the
Lease Program, (ii) the advance rate in respect of such Permitted Lease
Refinancing shall be no lower than that in effect pursuant to the Lease Program
Documents, (iii) the representations and warranties, covenants and events of
default, in each case taken as a whole, contained in such Permitted Lease
Refinancing shall not be less favorable than those contained in the Lease
Program Documents, either from the perspective of the Borrower and its
Subsidiaries or the Lenders, (iv) the assets securing the Indebtedness pursuant
to such Permitted Lease Refinancing shall be substantially the same as the
assets securing the Lease Program Obligations pursuant to the Lease Program and
(v) the final maturity of, and the average life of the commitments with respect
to, such Permitted Lease Refinancing shall be no shorter than that in effect
pursuant to the Lease Program at the time of the consummation of such Permitted
Lease Refinancing.
"Permitted Liens" shall have the meaning provided in Section 9.01.
"Person" shall mean any individual, partnership, joint venture, firm,
corporation, association, trust or other enterprise or any government or
political subdivision or any agency, department or instrumentality thereof.
"Plan" shall mean any pension plan as defined in Section 3(2) of ERISA,
which is maintained or contributed to by (or to which there is an obligation to
contribute of) the Borrower or a Subsidiary of the Borrower or any ERISA
Affiliate, and each such plan for the five year
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period immediately following the latest date on which the Borrower, or a
Subsidiary of the Borrower or any ERISA Affiliate maintained, contributed to or
had an obligation to contribute to such plan.
"Pledge Agreement" shall have the meaning provided in Section 5.10.
"Pledge Agreement Collateral" shall mean all "Collateral" as defined in
the Pledge Agreement.
"Pledged Securities" shall mean "Pledged Securities" as defined in the
Pledge Security Agreement.
"Post-Closing Period" shall have the meaning provided in Section
9.05(v).
"Prime Lending Rate" shall mean the rate which the Administrative Agent
announces from time to time as its prime lending rate, the Prime Lending Rate to
change when and as such prime lending rate changes. The Prime Lending Rate is a
reference rate and does not necessarily represent the lowest or best rate
actually charged to any customer. The Administrative Agent may make commercial
loans or other loans at rates of interest at, above or below the Prime Lending
Rate.
"Pro Forma Basis" shall mean, in connection with any calculation of
compliance with any financial covenant or financial term, the calculation
thereof after giving effect on a pro forma basis to (x) if the first day of the
relevant Calculation Period occurs before the Initial Borrowing Date, the
consummation of the Transaction as if same had been consummated on the first day
of the respective Calculation Period, (y) the Permitted Acquisition then being
consummated as well as any other Permitted Acquisition consummated after the
first day of the relevant Test Period or Calculation Period, as the case may be,
and on or prior to the date of the respective Permitted Acquisition then being
effected and (z) the incurrence of any Indebtedness that is incurred in
connection with, or to finance, one or more Permitted Acquisitions; provided
that, for purposes of calculations pursuant to Section 9.05(v), such
calculations shall also give effect on a pro forma basis to (a) the incurrence
of any Indebtedness (other than revolving Indebtedness, except to the extent
same is incurred to refinance other outstanding Indebtedness or to finance one
or more Permitted Acquisitions) after the first day of the relevant Calculation
Period as if such Indebtedness had been incurred (and the proceeds thereof
applied) on the first day of the relevant Calculation Period and (b) the
permanent repayment of any Indebtedness (other than revolving Indebtedness)
after the first day of the relevant Calculation Period as if such Indebtedness
had been retired or redeemed on the first day of the relevant Calculation
Period, with the following rules to apply in connection therewith:
(i) for all determinations made on a Pro Forma Basis for
periods ended prior to the first anniversary of the Initial Borrowing
Date, the Transaction (including, without limitation, the Refinancing
and the incurrence of Indebtedness pursuant to this Agreement) shall be
deemed to have been consummated on the first day of the relevant Test
Period or Calculation Period, as the case may be, with the rates of
interest applicable to any Indebtedness assumed to be outstanding to be
the respective rate or rates which
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would have been applicable to such Indebtedness had it been outstanding
for such period (for this purpose, assuming that all Existing
Debentures which have actually been purchased, redeemed or retired
before the respective determination shall be deemed to have been
repurchased, redeemed or retired on the first day of the Calculation
Period or Test Period, as the case may be, and to have been refinanced
with Indebtedness incurred hereunder);
(ii) for purposes of Section 9.05(v) only, all Indebtedness
(x) (other than revolving Indebtedness, except to the extent same is
incurred to refinance other outstanding Indebtedness or to finance the
Transaction or one or more Permitted Acquisitions) incurred or issued
after the first day of the relevant Calculation Period (whether
incurred to finance the Transaction or a Permitted Acquisition, to
refinance Indebtedness or otherwise) shall be deemed to have been
incurred or issued (and the proceeds thereof applied) on the first day
of the respective Calculation Period and remain outstanding through the
date of determination (and thereafter in the case of projections
pursuant to Section 9.05(v) and (y) (other than revolving Indebtedness)
permanently retired or redeemed after the first day of the relevant
Calculation Period shall be deemed to have been retired or redeemed on
the first day of the respective Calculation Period and remain retired
through the date of determination (and thereafter in the case of
projections pursuant to Section 9.05(v));
(iii) for purposes of Section 9.05(v) only, all Indebtedness
assumed to be outstanding pursuant to preceding clause (i) shall be
deemed to have borne interest at (x) the rate applicable thereto, in
the case of fixed rate indebtedness or (y) the rates which would have
been applicable thereto during the respective period when same was
deemed outstanding, in the case of floating rate Indebtedness (although
interest expense with respect to any Indebtedness for periods while
same was actually outstanding during the respective period shall be
calculated using the actual rates applicable thereto while same was
actually outstanding); provided that all Indebtedness (whether actually
outstanding or deemed outstanding) bearing interest at a floating rate
of interest shall be tested on the basis of the rates applicable at the
time the determination is made pursuant to said provisions;
(iv) for purposes of determinations of the Leverage Ratio
(other than for purposes of Section 9.05(v)), Consolidated Indebtedness
shall be the actual amount thereof as of the last day of the respective
Calculation Period or Test Period, as the case may be; provided that,
for purposes of determining the Leverage Ratio as it relates to the
definition of Applicable Margin, to the extent any Permitted
Acquisition is consummated after the last day of the respective
Calculation Period or Test Period and on or prior to the date of
delivery of the certificate referenced in the definition of Applicable
Margin, all Indebtedness incurred or assumed in connection with one or
more Permitted Acquisitions consummated after the last day of the
respective Test Period shall be added to Consolidated Indebtedness and
shall be deemed to have been outstanding on the last day of the
respective Calculation Period or Test Period, as the case may be; and
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(v) in making any determination of Consolidated EBITDA on a
Pro Forma Basis, pro forma effect shall be given to the Transaction (if
consummated during the respective Calculation Period or Test Period)
and to any Permitted Acquisition effected during the respective
Calculation Period or Test Period (and thereafter to the extent
provided in the definition of Applicable Margin or for purposes of
Section 9.05(v)) as if same had occurred on the first day of the
respective Calculation Period or Test Period, as the case may be,
taking into account, in the case of any Permitted Acquisition,
factually supportable and identifiable cost savings and expenses which
would otherwise be accounted for as an adjustment pursuant to Article
11 of Regulation S-X under the Securities Act, as if such cost savings
or expenses were realized on the first day of the respective period.
"Projections" shall mean the pro forma financial projections of the
Borrower and its Subsidiaries, in form satisfactory to the Administrative Agent,
meeting the requirements of Section 7.05(e) and covering (x) each of the first
three fiscal quarters of the Borrower ending after the Effective Date and (y)
each of the next three fiscal years of the Borrower thereafter.
"Proposed Asset Sale Reinvestment Proceeds" shall have the meaning
provided in Section 4.02(e).
"Proposed Insurance Reinvestment Proceeds" shall have the meaning
provided in Section 4.02(f).
"Proxy Materials" shall mean all proxy materials distributed to
shareholders of Flowers Industries in connection with the transactions
contemplated by the Merger Documents.
"Qualified Preferred Stock" shall mean any preferred stock of the
Borrower so long as the terms of any such preferred stock (i) do not contain any
mandatory put, redemption, repayment, sinking fund or other similar provision
prior to two years after the B Term Loan Maturity Date and (ii) do not require
the cash payment of dividends at a time when such payment would be prohibited or
not permitted under this Agreement.
"Quarterly Payment Date" shall mean the last Business Day of each
March, June, September and December occurring after the Initial Borrowing Date.
"RCRA" shall mean the Resource Conservation and Recovery Act, as the
same may be amended from time to time, 42 U.S.C. ss. 6901 et seq.
"Real Property" of any Person shall mean all the right, title and
interest of such Person in and to land, improvements and fixtures, including
Leaseholds.
"Recovery Event" shall mean the receipt by the Borrower or any of its
Subsidiaries of any cash insurance proceeds or condemnation award payable (i) by
reason of theft, loss, physical destruction or damage, condemnation action or
conveyance in lieu thereof or any other similar event with respect to any
property or assets of the Borrower or any of its Subsidiaries, (ii) under any
policy of insurance required to be maintained under Section 8.03 or
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(iii) by any condemning authority (or any authority receiving a conveyance in
lieu of condemning the subject property).
"Refinancing" shall mean the repayment in full of, and the termination
of all commitments in respect of, the Indebtedness to be Refinanced.
"Register" shall have the meaning provided in Section 13.17.
"Regulation D" shall mean Regulation D of the Board of Governors of the
Federal Reserve System as from time to time in effect and any successor to all
or a portion thereof establishing reserve requirements.
"Regulation T" shall mean Regulation T of the Board of Governors of the
Federal Reserve System as from time to time in effect and any successor to all
or a portion thereof.
"Regulation U" shall mean Regulation U of the Board of Governors of the
Federal Reserve System as from time to time in effect and any successor to all
or a portion thereof.
"Regulation X" shall mean Regulation X of the Board of Governors of the
Federal Reserve System as from time to time in effect and any successor to all
or a portion thereof.
"Release" shall mean any spilling, leaking, pumping, pouring, emitting,
emptying, discharging, injecting, escaping, leaching, dumping, disposing or
migration into the environment.
"Replaced Lender" shall have the meaning provided in Section 1.13.
"Replacement Lender" shall have the meaning provided in Section 1.13.
"Reportable Event" shall mean an event described in Section 4043(c) of
ERISA with respect to a Plan that is subject to Title IV of ERISA other than
those events as to which the 30-day notice period is waived under subsection
.22, .23, .25, .27 or .28 of PBGC Regulation Section 4043.
"Required Lenders" shall mean Non-Defaulting Lenders, the sum of whose
outstanding principal of Term Loans (or prior to the making thereof, outstanding
Term Loan Commitments) and Revolving Loan Commitments (or after the termination
thereof, outstanding principal of Revolving Loans and Revolving Percentage of
outstanding principal of Swingline Loans and Letter of Credit Outstandings)
represent an amount greater than 50% of the sum of the total outstanding
principal of Term Loans (or prior to the making thereof, the Total Term Loan
Commitment) and the Total Revolving Loan Commitment (or after the termination
thereof, the sum of the then total outstanding principal of Revolving Loans and
Swingline Loans and the Letter of Credit Outstandings at such time).
"Return" shall have the meaning provided in Section 7.09.
"Revolving Lender" shall mean any Lender which at any time has, or had
on the date of issuance of any Letter of Credit, a Revolving Loan Commitment or
has outstanding prin-
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cipal of Revolving Loans or Swingline Loans or a Participation in any Letter of
Credit hereunder (including any Lender who subsequently acquires any of the
foregoing by way of assignment in accordance with the requirements of this
Agreement).
"Revolving Loan" shall have the meaning provided in Section 1.01(c).
"Revolving Loan Commitment" shall mean, for each Lender, the amount set
forth opposite such Lender's name in Schedule I hereto directly below the column
entitled "Revolving Loan Commitment," as same may be (x) reduced from time to
time pursuant to Sections 3.02, 3.03, 4.02 and/or 10 or (y) adjusted from time
to time as a result of assignments to or from such Lender pursuant to Section
1.13 or 13.04(b).
"Revolving Loan Maturity Date" shall mean March 26, 2005.
"Revolving Note" shall have the meaning provided in Section 1.05(a).
"Revolving Percentage" of any Revolving Lender at any time shall mean a
fraction (expressed as a percentage) the numerator of which is the Revolving
Loan Commitment of such Lender at such time and the denominator of which is the
Total Revolving Loan Commitment at such time, provided that if the Revolving
Percentage of any Revolving Lender is to be determined after the Total Revolving
Loan Commitment has terminated, then the Revolving Percentages of the Revolving
Lenders shall be determined immediately prior (and without giving effect) to
such termination.
"S&P" shall mean Standard & Poor's Rating Services, a division of the
XxXxxx-Xxxx Companies, Inc., or any successor thereto.
"Scheduled Repayment Date" shall mean any A Scheduled Repayment Date
and/or B Scheduled Repayment Date, as applicable.
"Scheduled Repayments" shall mean any A Scheduled Repayment and/or any
B Scheduled Repayment, as applicable.
"Section 4.04(b)(ii) Certificate" shall have the meaning provided in
Section 4.04(b)(ii).
"Secured Creditors" shall have the meaning assigned that term in the
Security Documents.
"Securities Act" shall mean the Securities Act of 1933, as amended.
"Security Agreement" shall have the meaning provided in Section 5.11.
"Security Agreement Collateral" shall mean all "Collateral" as defined
in the Security Agreement.
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"Security Documents" shall mean the Pledge Agreement, the Security
Agreement and, after the execution and delivery thereof, each Additional
Security Document.
"Smuckers Note" shall mean the Promissory Note, dated May 31, 1996,
issued by Xxx. Xxxxx'x Bakeries, Inc. (and assumed by Xxx. Xxxxx'x Bakeries,
LLC) to X.X. Smuckers Company in the original principal amount of $15,000,000.
"Specified Default" shall mean any Default under Section 10.01 or
10.05.
"Spin-off" shall mean the transfer by Flowers Industries of 100% of its
Equity Interests in the Contributed Subsidiaries (as defined in the Distribution
Agreement, but in any event including Flowers Bakeries Brands, Inc., Xxx.
Xxxxx'x Bakeries, Inc., and Flowers Investments, Inc.) to the Borrower, together
with the contemporaneous spin-off of the Borrower to the existing shareholders
of Flowers Industries, in each case in accordance with the Distribution
Agreement and the description thereof contained in the Proxy Materials.
"Standby Letter of Credit" shall have the meaning provided in Section
2.01(a).
"Start Date" shall have the meaning assigned that term in the
definition of "Applicable Margin" contained herein.
"Stated Amount" of each Letter of Credit shall, at any time, mean the
maximum amount available to be drawn thereunder (in each case determined without
regard to whether any conditions to drawing could then be met).
"Subsidiaries Guaranty" shall have the meaning provided in Section 5.09
and, after the execution and delivery thereof, shall include, without
limitation, any other guarantee executed and delivered pursuant to Section 8.12
and/or 9.14 of this Agreement.
"Subsidiary" shall mean, as to any Person, (i) any corporation more
than 50% of whose stock of any class or classes having by the terms thereof
ordinary voting power to elect a majority of the directors of such corporation
(irrespective of whether or not at the time stock of any class or classes of
such corporation shall have or might have voting power by reason of the
happening of any contingency) is at the time owned by such Person and/or one or
more Subsidiaries of such Person and (ii) any partnership, limited liability
company, association, joint venture or other entity in which such Person and/or
one or more Subsidiaries of such Person has more than a 50% equity interest at
the time. Unless otherwise indicated herein, or the context otherwise requires,
all references herein to any Subsidiary or Subsidiaries shall mean and be deemed
to be references a Subsidiary or Subsidiaries, as the case may be, of the
Borrower.
"Subsidiary Guarantor" shall mean each Domestic Subsidiary of the
Borrower on the Initial Borrowing Date after giving effect to the Transaction
(each of which is listed on Schedule VII hereto) or which executes a counterpart
of, or otherwise becomes a party to, the Subsidiaries Guaranty after the Initial
Borrowing Date pursuant to Section 8.12 and/or 9.14.
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"SunTrust" shall mean SunTrust Bank, a Georgia banking corporation
(formerly known as SunTrust Bank, Atlanta).
"Swingline Expiry Date" shall mean the date which is five Business Days
prior to the Revolving Loan Maturity Date.
"Swingline Lender" shall mean Bankers Trust Company.
"Swingline Loan" shall have the meaning provided in Section 1.01(d).
"Swingline Note" shall have the meaning provided in Section 1.05(a).
"Syndication Agent" shall have the meaning provided in the first
paragraph of this Agreement, and shall include any successor thereto.
"Syndication Date" shall mean the earlier of (i) that date upon which
the Administrative Agent determines in its sole discretion acting in good faith
(and notifies the Borrower) that the primary syndication (and resultant addition
of institutions as Lenders pursuant to Section 13.04) has been completed and
(ii) that date which is 90 days after the Initial Borrowing Date.
"Tax Benefit" shall have the meaning provided in Section 4.04(c).
"Tax Sharing Agreement" shall have the meaning provided in Section
5.05.
"Taxes" shall mean all taxes, assessments, charges, duties, fees,
levies or other governmental charges, including, without limitation, all
Federal, state, local, foreign and other income, franchise, profits, capital
gains, capital stock, transfer, sales, use, occupation, property, excise,
severance, windfall profits, stamp, license, payroll, withholding and other
taxes, assessments, charges, duties, fees, levies or other governmental charges
of any kind whatsoever (whether payable directly or by withholding and whether
or not requiring the filing of a Return), all estimated taxes, deficiency
assessments, additions to tax, penalties and interest and shall include any
liability for such amounts as a result either of being a member of a combined,
consolidated, unitary or affiliated group or of a contractual obligation to
indemnify any person or other entity.
Term Loan Commitments" shall mean, collectively, each A Term Loan
Commitment and each B Term Loan Commitment.
"Term Loans" shall mean, collectively, each A Term Loan and each B Term
Loan.
"Test Period" shall mean each period of four consecutive fiscal
quarters then last ended, in each case taken as one accounting period; provided
that (except for purposes of Section 9.10 and the calculation of Applicable
Margins) at all times prior to the last day of the Borrower's fiscal quarter
ending on or about April 1, 2002, "Test Period" shall mean the period from the
first day of the Borrower's fiscal quarter ending closest to March 31, 2001 to
and including the last day of the fiscal quarter of the Borrower then last
ended. Notwithstanding the
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immediately preceding proviso, or anything to the contrary required by GAAP, in
the case of any Test Period ending prior to the last day of the Borrower's
fiscal quarter ending on or about April 1, 2002, Consolidated EBITDA for
purposes of determining the Leverage Ratio (including for purposes of Section
9.10 and the definition of Applicable Margin) shall be made for the respective
Test Period without giving effect to the proviso to the immediately preceding
sentence in accordance with the following: (i) Consolidated EBITDA for the
fiscal quarter of the Borrower ended closest to September 30, 2000 shall be
deemed to be $24,270,000, (ii) Consolidated EBITDA for the fiscal quarter of the
Borrower ended closest to December 31, 2000 shall be deemed to be $22,926,000
and (iii) Consolidated EBITDA for the fiscal quarter of the Borrower ended
closest to March 31, 2001 shall be deemed to be $24,600,000 until delivery of
the financial statements of the Borrower for such fiscal quarter whereupon such
amount shall be as reported in such financial statements.
"Total A Term Loan Commitment" shall mean, at any time, the sum of the
A Term Loan Commitments of each of the Lenders.
"Total B Term Loan Commitment" shall mean the sum of the B Term Loan
Commitments of each of the Lenders.
"Total Commitments" shall mean, at any time, the sum of the Commitments
of each of the Lenders.
"Total Revolving Loan Commitment" shall mean, at any time, the sum of
the Revolving Loan Commitments of each of the Lenders.
"Total Unutilized Revolving Loan Commitment" shall mean, at any time,
an amount equal to the remainder of (x) the then Total Revolving Loan
Commitment, less (y) the sum of the aggregate principal amount of Revolving
Loans and Swingline Loans then outstanding plus the then aggregate amount of
Letter of Credit Outstandings.
"Trade Letter of Credit" shall have the meaning set forth in Section
2.01(a).
"Tranche" shall mean the respective facility and commitments utilized
in making Loans hereunder, with there being three separate Tranches, i.e., A
Term Loans, B Term Loans, Revolving Loans and Swingline Loans.
"Transaction" shall mean, collectively, (i) the Spin-off, (ii) the
Flowers Industries Merger, (iii) the Existing Debentures Tender Offer and any
purchases of Existing Debentures actually made pursuant thereto, (iv) the
occurrence of the Credit Events which occur on the Initial Borrowing Date, (v)
the Refinancing, (vi) the occurrence of all other transactions which are
effected in accordance with the provisions of the Merger Documents, (vii) the
consummation of the Equipment Purchase and (viii) the payment of fees and
expenses owing in connection with the foregoing.
"Type" shall mean the type of Loan determined with regard to the
interest option applicable thereto, i.e., whether a Base Rate Loan or a
Eurodollar Loan.
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"UCC" shall mean the Uniform Commercial Code as from time to time in
effect in the relevant jurisdiction.
"Unfunded Current Liability" of any Plan shall mean the amount, if any,
by which the value of the accumulated plan benefits under the Plan determined on
a plan termination basis in accordance with actuarial assumptions at such time
consistent with those prescribed by the PBGC for purposes of Section 4044 of
ERISA, exceeds the fair market value of all plan assets allocable to such
liabilities under Title IV of ERISA (excluding any accrued but unpaid
contributions).
"United States" and "U.S." shall each mean the United States of
America.
"Unpaid Drawing" shall have the meaning provided for in Section
2.04(a).
"Unutilized Revolving Loan Commitment" with respect to any Lender, at
any time, shall mean such Lender's Revolving Loan Commitment at such time less
the sum of (i) the aggregate outstanding principal amount of Revolving Loans
made by such Lender and (ii) such Lender's Revolving Percentage of the Letter of
Credit Outstandings in respect of Letters of Credit issued under this Agreement.
"Voting Agreement" shall mean the Voting Agreement dated as of October
26, 2000 between Flowers Industries and Xxxxxxx, as same may be amended,
modified or supplemented from time to time in accordance with the terms of this
Agreement.
"Waivable Repayment" shall have the meaning provided in Section
4.02(k).
"Wholly-Owned Subsidiary" shall mean, as to any Person, (i) any
corporation 100% of whose capital stock (other than director's qualifying
shares) is at the time owned by such Person and/or one or more Wholly-Owned
Subsidiaries of such Person and (ii) any partnership, limited liability company,
association, joint venture or other entity in which such Person and/or one or
more Wholly-Owned Subsidiaries of such Person has a 100% equity interest at such
time. Unless otherwise indicated herein, or the context otherwise requires, all
references herein to any Wholly-Owned Subsidiary or Wholly-Owned Subsidiaries
shall mean and be deemed to be references a Wholly-Owned Subsidiary or
Wholly-Owned Subsidiaries, as the case may be, of the Borrower.
SECTION 12. The Agents.
12.01 Appointment. The Lenders hereby designate Bankers Trust Company
as Administrative Agent (for purposes of this Section 12 and Section 13.01, the
term "Administrative Agent" and "Agent" shall include Bankers Trust Company
(and/or any of its affiliates) in its capacity as Collateral Agent pursuant to
the Security Documents and in the respective affiliate's capacity as Lead
Arranger) to act as specified herein and in the other Credit Documents and
SunTrust Bank as Syndication Agent (for purposes of this Section 12, the term
"Syndication Agent" and "Agent" shall include SunTrust Bank (and/or any of its
affiliates) in its capacity as sub-collateral agent pursuant to Section 13.19
and the Security Documents) to act as
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specified herein and in the other Credit Documents. Each Lender hereby
irrevocably authorizes, and each holder of any Note by the acceptance of such
Note shall be deemed irrevocably to authorize, each Agent to take such action on
its behalf under the provisions of this Agreement, the other Credit Documents
and any other instruments and agreements referred to herein or therein and to
exercise such powers and to perform such duties hereunder and thereunder as are
specifically delegated to or required of such Agent by the terms hereof and
thereof and such other powers as are reasonably incidental thereto. Each Agent
may perform any of its duties hereunder by or through its respective officers,
directors, agents, employees or affiliates.
12.02 Nature of Duties. No Agent shall have any duties or
responsibilities except those expressly set forth in this Agreement and in the
other Credit Documents. No Agent nor any of its officers, directors, agents,
employees or affiliates shall be liable for any action taken or omitted by it or
them hereunder or under any other Credit Document or in connection herewith or
therewith, unless caused by such Person's gross negligence or willful misconduct
(as determined by a court of competent jurisdiction in a final and
non-appealable decision). The duties of each Agent shall be mechanical and
administrative in nature; no Agent shall have by reason of this Agreement or any
other Credit Document a fiduciary relationship in respect of any Lender or the
holder of any Note; and nothing in this Agreement or any other Credit Document,
expressed or implied, is intended to or shall be so construed as to impose upon
any Agent any obligations in respect of this Agreement or any other Credit
Document except as expressly set forth herein or therein.
12.03 Lack of Reliance on the Agents. Independently and without
reliance upon any Agent, each Lender and the holder of each Note, to the extent
it deems appropriate, has made and shall continue to make (i) its own
independent investigation of the financial condition and affairs of the Borrower
and its Subsidiaries in connection with the making and the continuance of the
Loans and the taking or not taking of any action in connection herewith and (ii)
its own appraisal of the creditworthiness of the Borrower and its Subsidiaries
and, except as expressly provided in this Agreement, no Agent shall have any
duty or responsibility, either initially or on a continuing basis, to provide
any Lender or the holder of any Note with any credit or other information with
respect thereto, whether coming into its possession before the making of the
Loans or at any time or times thereafter. No Agent shall be responsible to any
Lender or the holder of any Note for any recitals, statements, information,
representations or warranties herein or in any document, certificate or other
writing delivered in connection herewith or for the execution, effectiveness,
genuineness, validity, enforceability, perfection, collectability, priority or
sufficiency of this Agreement or any other Credit Document or the financial
condition of the Borrower and its Subsidiaries or be required to make any
inquiry concerning either the performance or observance of any of the terms,
provisions or conditions of this Agreement or any other Credit Document, or the
financial condition of the Borrower and its Subsidiaries or the existence or
possible existence of any Default or Event of Default.
12.04 Certain Rights of the Agents. If any Agent shall request
instructions from the Required Lenders with respect to any act or action
(including failure to act) in connection with this Agreement or any other Credit
Document, such Agent shall be entitled to refrain from such act or taking such
action unless and until the Administrative Agent shall have received
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instructions from the Required Lenders; and such Agent shall not incur liability
to any Person by reason of so refraining. Without limiting the foregoing, no
Lender or the holder of any Note shall have any right of action whatsoever
against any Agent as a result of such Agent acting or refraining from acting
hereunder or under any other Credit Document in accordance with the instructions
of the Required Lenders.
12.05 Reliance. Each Agent shall be entitled to rely, and shall be
fully protected in relying, upon any note, writing, resolution, notice,
statement, certificate, telex, teletype or telecopier message, cablegram,
radiogram, order or other document or telephone message signed, sent or made by
any Person that such Agent believed to be the proper Person, and, with respect
to all legal matters pertaining to this Agreement and any other Credit Document
and its duties hereunder and thereunder, upon advice of counsel selected by such
Agent.
12.06 Indemnification. To the extent any Agent or any affiliate thereof
is not reimbursed and indemnified by the Borrower, the Lenders will reimburse
and indemnify such Agent, in proportion to their respective "percentages" as
used in determining the Required Lenders (without regard to the existence of any
Defaulting Lenders), for and against any and all liabilities, obligations,
losses, damages, penalties, claims, actions, judgments, costs, expenses or
disbursements of whatsoever kind or nature which may be imposed on, asserted
against or incurred by such Agent (or any affiliate thereof) in performing its
respective duties hereunder or under any other Credit Document, in any way
relating to or arising out of this Agreement or any other Credit Document;
provided that no Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements resulting from such Agent's (or such affiliate's)
gross negligence or willful misconduct (and determined by a court of competent
jurisdiction in a final and non-appealable decision).
12.07 Each Agent in its Individual Capacity. With respect to its
obligation to make Loans under this Agreement, each Agent shall have the rights
and powers specified herein for a "Lender" and may exercise the same rights and
powers as though it were not performing the duties specified herein; and the
term "Lenders," "Required Lenders," "holders of Notes" or any similar terms
shall, unless the context clearly otherwise indicates, include such Agent in its
individual capacity. Each Agent and its affiliates may accept deposits from,
lend money to, and generally engage in any kind of banking, investment banking,
trust or other business with, or provide debt financing, equity capital or other
services (including financial advisory services) to any Credit Party or any
Affiliate of any Credit Party (or any Person engaged in a similar business with
any Credit Party or any Affiliate thereof) as if they were not performing the
duties specified herein, and may accept fees and other consideration from the
Borrowers or any other Credit Party for services in connection with this
Agreement and otherwise without having to account for the same to the Lenders.
12.08 Holders. The Administrative Agent may deem and treat the payee of
any Note as the owner thereof for all purposes hereof unless and until a written
notice of the assignment, transfer or endorsement thereof, as the case may be,
shall have been filed with the Administrative Agent. Any request, authority or
consent of any Person who, at the time of making such request or giving such
authority or consent, is the holder of any Note shall be conclusive
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and binding on any subsequent holder, transferee, assignee or endorsee, as the
case may be, of such Note or of any Note or Notes issued in exchange therefor.
12.09 Resignation by the Agents. (a) The Administrative Agent may
resign from the performance of all its functions and duties hereunder and/or
under the other Credit Documents at any time by giving 15 Business Days' prior
written notice to the Lenders. Such resignation shall take effect upon the
appointment of a successor Administrative Agent pursuant to clauses (b) and (c)
below or as otherwise provided below.
(b) Upon any such notice of resignation by the Administrative Agent,
the Required Lenders shall appoint a successor Administrative Agent hereunder or
thereunder who shall be a commercial bank or trust company reasonably acceptable
to the Borrower which acceptance shall not be unreasonably withheld or delayed
(provided that the Borrower's approval shall not be required if a Default or an
Event of Default then exists).
(c) If a successor Administrative Agent shall not have been so
appointed within such 15 Business Day period, the Administrative Agent, with the
consent of the Borrower (which shall not be unreasonably withheld or delayed
provided that the Borrower's consent shall not be required if a Default or an
Event of Default then exists), shall then appoint a successor Administrative
Agent who shall serve as Administrative Agent hereunder or thereunder until such
time, if any, as the Required Lenders appoint a successor Administrative Agent
as provided above.
(d) If no successor Administrative Agent has been appointed pursuant to
clause (b) or (c) above by the 20th Business Day after the date such notice of
resignation was given by the Administrative Agent, the Administrative Agent's
resignation shall become effective and the Required Lenders shall thereafter
perform all the duties of the Administrative Agent hereunder and/or under any
other Credit Document until such time, if any, as the Required Lenders appoint a
successor Administrative Agent as provided above.
(e) The Syndication Agent may, upon five Business Days' notice to the
Borrower, the Administrative Agent and the Lenders, resign at any time
(effective upon the fifth Business Day after the giving of such notice).
(f) Upon a resignation of any Agent pursuant to this Section 12.09,
such Agent shall remain indemnified to the extent provided in this Agreement and
the other Credit Documents and the provisions of this Section 12 shall continue
in effect for the benefit of such Agent for all of its actions and in actions
while serving as such Agent.
SECTION 13. Miscellaneous.
13.01 Payment of Expenses, etc. The Borrower agrees that it shall: (i)
whether or not the transactions herein contemplated are consummated, pay all
reasonable out-of-pocket costs and expenses of the Administrative Agent (as
defined in Section 12.01) (including, without limitation, the reasonable fees
and disbursements of White & Case LLP, local counsel and the Administrative
Agent's other counsel and consultants) in connection with the preparation,
execu-
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tion and delivery of this Agreement and the other Credit Documents and the
documents and instruments referred to herein and therein and any amendment,
waiver or consent relating hereto or thereto, of the Administrative Agent in
connection with its syndication efforts with respect to this Agreement and of
each Agent and each of the Lenders in connection with the enforcement of this
Agreement and the other Credit Documents and the documents and instruments
referred to herein and therein (including, without limitation, the reasonable
fees and disbursements of counsel (including in-house counsel) and consultants
for the Agents and the Lenders); (ii) pay and hold each Agent and each of the
Lenders harmless from and against any and all present and future stamp, excise
and other similar taxes with respect to the foregoing matters and save each of
the Lenders harmless from and against any and all liabilities with respect to or
resulting from any delay or omission (other than to the extent attributable to
such Lender) to pay such taxes; and (iii) indemnify each Agent, the Collateral
Agent, the Lead Arranger, each Lender, and each of their respective affiliates,
and each respective officer, director, trustee, employee, representative and
agent of any of the foregoing, from and hold each of them harmless against any
and all liabilities, obligations (including removal or remedial actions),
losses, damages, penalties, claims, actions, judgments, suits, costs, expenses
and disbursements (including reasonable attorneys' and consultants' fees and
disbursements) incurred by, imposed on or assessed against any of them as a
result of, or arising out of, or in any way related to, or by reason of, (a) any
investigation, litigation or other proceeding (whether or not any Agent or any
Lender is a party thereto) related to the entering into and/or performance of
this Agreement or any other Credit Document or the use of any Letter of Credit
or the proceeds of any Loans hereunder or the consummation of any transactions
contemplated herein (including, without limitation, the Transaction), or in any
other Credit Document or the exercise of any of their rights or remedies
provided herein or in the other Credit Documents, or (b) the actual or alleged
presence of Hazardous Materials in the air, surface water or groundwater or on
the surface or subsurface of any Real Property at any time owned or operated by
the Borrower or any of its Subsidiaries, the generation, storage,
transportation, handling or disposal of Hazardous Materials at any location,
whether or not owned or operated by the Borrower or any of its Subsidiaries, the
non-compliance of any Real Property with foreign, federal, state and local laws,
regulations, and ordinances (including applicable permits thereunder) applicable
to any Real Property, or any Environmental Claim asserted against the Borrower,
any of its Subsidiaries or any Real Property at any time owned or operated by
the Borrower or any of its Subsidiaries, including, in each case, without
limitation, the reasonable fees and disbursements of counsel and other
consultants incurred in connection with any such investigation, litigation or
other proceeding (but excluding any losses, liabilities, claims, damages or
expenses to the extent incurred by reason of the gross negligence or willful
misconduct of the Person to be indemnified (as determined by a court of
competent jurisdiction in a final and non-applicable decision)). To the extent
that the undertaking to indemnify, pay or hold harmless any Agent or any Lender
set forth in the preceding sentence may be unenforceable because it violates any
law or public policy, the Borrower shall make the maximum contribution to the
payment and satisfaction of each of the indemnified liabilities which is
permissible under applicable law.
13.02 Right of Setoff. (a) In addition to any rights now or hereafter
granted under applicable law or otherwise, and not by way of limitation of any
such rights, upon the occurrence of an Event of Default, each Agent and each
Lender is hereby authorized at any time
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or from time to time, without presentment, demand, protest or other notice of
any kind to any Subsidiary Guarantor or the Borrower or to any other Person, any
such notice being hereby expressly waived, to set off and to appropriate and
apply any and all deposits (general or special) and any other Indebtedness at
any time held or owing by such Agent and such Lender (including, without
limitation, by branches and agencies of such Agent and such Lender wherever
located) to or for the credit or the account of the Borrower or any Subsidiary
Guarantor but in any event excluding assets held in trust for any such Person
against and on account of the Obligations and liabilities of the Borrower or
such Subsidiary Guarantor, as applicable, to such Lender under this Agreement or
under any of the other Credit Documents, including, without limitation, all
interests in Obligations purchased by such Lender pursuant to Section 13.06(b),
and all other claims of any nature or description arising out of or connected
with this Agreement or any other Credit Document, irrespective of whether or not
such Lender shall have made any demand hereunder and although said Obligations,
liabilities or claims, or any of them, shall be contingent or unmatured.
13.03 Notices. Except as otherwise expressly provided herein, all
notices and other communications provided for hereunder shall be in writing
(including telexed, telegraphic, telecopier communication) and mailed,
telecopied or delivered: if to the Borrower, at the Borrower's address specified
under its signature below; if to any Lender, at its address specified opposite
its name on Schedule II below; and if to the Administrative Agent, at its Notice
Office; or, as to any Credit Party, at such other address as shall be designated
by such party in a written notice to the other parties hereto and, as to each
Lender, at such other address as shall be designated by such Lender in a written
notice to the Borrowers and the Administrative Agent. All such notices and
communications shall, (i) when mailed, be effective three Business Days after
being deposited in the mails, prepaid and properly addressed for delivery, (ii)
when sent by overnight courier, be effective one Business Day after delivery to
the overnight courier prepaid and properly addressed for delivery on such next
Business Day, or (iii) when sent by telex or telecopier, be effective when sent
by telex or telecopier, except that notices and communications to the
Administrative Agent shall not be effective until received by the Administrative
Agent.
13.04 Benefit of Agreement. (a) This Agreement shall be binding upon
and inure to the benefit of and be enforceable by the respective successors and
assigns of the parties hereto; provided, however, that (i) no Credit Party may
assign or transfer any of its rights, obligations or interest hereunder or under
any other Credit Document without the prior written consent of the Lenders, (ii)
although any Lender may transfer, assign or grant participations in its rights
hereunder, such Lender shall remain a "Lender" for all purposes hereunder (and
may not transfer or assign all or any portion of its Commitments or
Participations in Letters of Credit hereunder except as provided in Section
13.04(b)) and the transferee, assignee or participant, as the case may be, shall
not constitute a "Lender" hereunder and (iii) no Lender shall transfer or grant
any participation under which the participant shall have rights to approve any
amendment to or waiver of this Agreement or any other Credit Document except to
the extent such amendment or waiver would (x) extend the final scheduled
maturity of any Loan, Note or Letter of Credit (unless such Letter of Credit is
not extended beyond the Revolving Loan Maturity Date) in which such participant
is participating, or reduce the rate or extend the time of payment of interest
or Fees thereon (except (A) in connection with a waiver of applicability of any
post-
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default increase in interest rates and (B) that any amendment or modification to
the financial definitions in this Agreement shall not constitute a reduction in
the rate of interest for purposes of this clause (x)) or reduce the principal
amount thereof, or increase the amount of the participant's participation over
the amount thereof then in effect (it being understood that a waiver of any
Default or Event of Default or of a mandatory reduction in the Total Commitments
shall not constitute a change in the terms of such participation, and that an
increase in any Commitment or Loan shall be permitted without the consent of any
participant if the participant's participation is not increased as a result
thereof), (y) consent to the assignment or transfer by the Borrower of any of
its rights and obligations under this Agreement or (z) release all or
substantially all of the Collateral under all of the Security Documents (except
as expressly provided in the Credit Documents) securing the Loans hereunder in
which such participant is participating. In the case of any such participation,
the participant shall not have any rights under this Agreement or any of the
other Credit Documents (the participant's rights against such Lender in respect
of such participation to be those set forth in the agreement executed by such
Lender in favor of the participant relating thereto) and all amounts payable by
the Borrower hereunder shall be determined as if such Lender had not sold such
participation.
(b) Notwithstanding the foregoing, any Lender (or any Lender together
with one or more other Lenders) may (x) assign all or a portion of its Revolving
Loan Commitment (and related outstanding Obligations hereunder) A Term Loan
Commitment (and/or related outstanding A Term Loans) and/or B Term Loan
Commitment (and/or related outstanding B Term Loans) to (i) its parent company
and/or any affiliate of such Lender which is at least 50% owned by such Lender
or its parent company or (ii) in the case of any Lender that is a fund that
invests in bank loans, any other fund that invests in bank loans and is managed
or advised by the same investment advisor of such Lender or by an Affiliate of
such investment advisor or (iii) one or more Lenders or (y) assign all, or if
less than all, a portion equal to at least (A) in the case of assignments of B
Term Loan Commitments (or, after the termination thereof, the related
outstanding B Term Loans), $1,000,000 and (B) in the case of assignments of
Revolving Loan Commitments and/or A Term Loan Commitments (or, after the
termination thereof, the related outstanding A Term Loans), $5,000,000 (or such
lesser amount as the Borrower may in its discretion permit in respect of any
such assignment pursuant to this clause (B)) in the aggregate for the assigning
Lender or assigning Lenders, to one or more Eligible Transferees (treating any
fund that invests in bank loans and any other fund that invests in bank loans
and is managed or advised by the same investment advisor of such fund or by an
Affiliate of such investment advisor as a single Eligible Transferee), each of
which assignees shall become a party to this Agreement as a Lender by execution
of an Assignment and Assumption Agreement, provided that, (i) at such time
Schedule I shall be deemed modified to reflect the Revolving Loan Commitments, A
Term Loan Commitments and B Term Loan Commitments (or, to the extent such
Commitments have terminated, the related outstanding Obligations) of such new
Lender and of the existing Lenders, (ii) new Notes will be issued, at the
Borrower's expense, to such new Lender and to the assigning Lender upon the
request of such new Lender or assigning Lender, such new Notes to be in
conformity with the requirements of Section 1.05 (with appropriate
modifications) to the extent needed to reflect the revised Commitments of the
respective Tranches (and/or outstanding Loans under such Tranches, as the case
may be), (iii) the consent of the Administrative Agent and, so long as no
Specified Default is then in existence, the Borrower,
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shall be required in connection with any assignment pursuant to preceding clause
(y) (which consent shall not be unreasonably withheld or delayed), (iv) in the
case of assignments of any portion of the Total Revolving Loan Commitment, the
consent of the Swingline Lender and each Issuing Lender shall be required in
connection with any assignment pursuant to this Section 13.04(b) (which consents
shall not be unreasonably withheld or delayed) and (v) the Administrative Agent
shall receive at the time of each such assignment, from the assigning or
assignee Lender, the payment of a non-refundable assignment fee of $3,500. To
the extent of any assignment pursuant to this Section 13.04(b), the assigning
Lender shall be relieved of its obligations hereunder with respect to its
assigned Commitments (it being understood that the indemnification provisions
under this Agreement (including, without limitation, Sections 1.10, 1.11, 2.05,
4.04, 13.01 and 13.06) shall survive as to such assigning Lender). At the time
of each assignment pursuant to this Section 13.04(b) to a Person which is not
already a Lender hereunder and which is not a United States person (as such term
is defined in Section 7701(a)(30) of the Code) for Federal income tax purposes,
the respective assignee Lender shall provide to the Borrower and the
Administrative Agent the appropriate Internal Revenue Service Forms (and, if
applicable, a Section 4.04(b)(ii) Certificate) described in Section 4.04(b). To
the extent that an assignment of all or any portion of a Lender's Commitments
and related outstanding Obligations pursuant to Section 1.13 or this Section
13.04(b) would, at the time of such assignment, result in increased costs under
Section 1.10, 1.11 or 4.04 from those being charged by the respective assigning
Lender prior to such assignment, then the Borrower shall not be obligated to pay
such increased costs (although the Borrower shall be obligated to pay any other
increased costs of the type described above resulting from changes after the
date of the respective assignment).
(c) Nothing in this Agreement shall prevent or prohibit any Lender from
pledging its Loans and Notes hereunder to a Federal Reserve Bank in support of
borrowings made by such Lender from such Federal Reserve Bank and, with the
consent of the Administrative Agent, any Lender which is a fund may pledge all
or any portion of its Notes or Loans to a trustee for the benefit of investors
and in support of its obligation to such investors.
13.05 No Waiver; Remedies Cumulative. No failure or delay on the part
of the any Agent, the Collateral Agent, any Issuing Lender or any Lender or any
holder of any Note in exercising any right, power or privilege hereunder or
under any other Credit Document and no course of dealing between the Borrower or
any other Credit Party and any Agent, the collateral Agent, any Issuing Lender
or any Lender or the holder of any Note shall operate as a waiver thereof; nor
shall any single or partial exercise of any right, power or privilege hereunder
or under any other Credit Document preclude any other or further exercise
thereof or the exercise of any other right, power or privilege hereunder or
thereunder. The rights, powers and remedies herein or in any other Credit
Document expressly provided are cumulative and not exclusive of any rights,
powers or remedies which any Agent, the Collateral Agent, any Issuing Lender or
any Lender or the holder of any Note would otherwise have. No notice to or
demand on any Credit Party in any case shall entitle any Credit Party to any
other or further notice or demand in similar or other circumstances or
constitute a waiver of the rights of any Agent, the Collateral Agent, any
Issuing Lender or any Lender or the holder of any Note to any other or further
action in any circumstances without notice or demand.
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13.06 Payments Pro Rata. (a) Except as otherwise provided in this
Agreement, the Administrative Agent agrees that promptly after its receipt of
each payment from or on behalf of the Borrower in respect of any Obligations
hereunder, it shall distribute such payment to the Lenders (other than any
Lender that has consented in writing to waive its pro rata share of any such
payment) pro rata based upon their respective shares, if any, of the Obligations
with respect to which such payment was received.
(b) Each of the Lenders agrees that, if it should receive any amount
hereunder (whether by voluntary payment, by realization upon security, by the
exercise of the right of setoff or banker's lien, by counterclaim or cross
action, by the enforcement of any right under the Credit Documents, or
otherwise), which is applicable to the payment of the principal of, or interest
on, the Loans, Unpaid Drawings, Commitment Commission or Letter of Credit Fees,
of a sum which with respect to the related sum or sums received by other Lenders
is in a greater proportion than the total of such Obligation then owed and due
to such Lender bears to the total of such Obligation then owed and due to all of
the Lenders immediately prior to such receipt, then such Lender receiving such
excess payment shall purchase for cash without recourse or warranty from the
other Lenders an interest in the Obligations of the respective Credit Party to
such Lenders in such amount as shall result in a proportional participation by
all the Lenders in such amount; provided that if all or any portion of such
excess amount is thereafter recovered from such Lender, such purchase shall be
rescinded and the purchase price restored to the extent of such recovery, but
without interest.
(c) Notwithstanding anything to the contrary contained herein, the
provisions of the preceding Sections 13.06(a) and (b) shall be subject to the
express provisions of this Agreement which require, or permit, differing
payments to be made to Non-Defaulting Lenders as opposed to Defaulting Lenders.
13.07 Calculations; Computations. (a) The financial statements to be
furnished to the Lenders pursuant hereto shall be made and prepared in
accordance with generally accepted accounting principles in the United States
consistently applied throughout the periods involved (except as set forth in the
notes thereto or as otherwise disclosed in writing by the Borrower to the
Lenders); provided that (x) except as otherwise specifically provided herein,
all computations determining Applicable Margins and compliance with Section 9
shall utilize accounting principles, policies and practices in conformity with,
and consistent with, those used to prepare the historical financial statements
of Flowers Industries and the pro forma historical financial statements of the
Borrower and its Subsidiaries delivered to the Lenders pursuant to Sections
7.05(a) and (b) prior to the Initial Borrowing Date (with the foregoing
generally accepted accounting principles herein called "GAAP") and (ii) only to
the extent expressly provided herein, certain calculations for purposes of
determining Applicable Margins and compliance with Section 9 shall be made on a
Pro Forma Basis.
(b) All computations of interest on Eurodollar Loans, Commitment
Commission and Fees hereunder shall be made on the basis of a year of 360 days
for the actual number of days (including the first day but excluding the last
day) occurring in the period for which such interest, Commitment Commission or
Fees are payable. All computations of interest on Base
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Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case
may be, for the actual number of days (including the first day but excluding the
last day) occurring in the period for which such interest is payable.
13.08 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY
TRIAL. (A) THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN
ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY LEGAL
ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT
MAY BE BROUGHT IN XXX XXXXXX XX XXX XXXXX XX XXX XXXX LOCATED IN XXX XXXX XX XXX
XXXX XX XX XXX XXXXXX XXXXXX FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY
EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER HEREBY IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. THE BORROWER FURTHER
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED
COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY
REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE BORROWER AT ITS ADDRESS
SET FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS
AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE
AGENT UNDER THIS AGREEMENT, ANY LENDER OR THE HOLDER OF ANY NOTE TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR
OTHERWISE PROCEED AGAINST ANY CREDIT PARTY IN ANY OTHER JURISDICTION.
(B) THE BORROWER HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY
NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR
PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER
CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (A) ABOVE AND HEREBY
FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT
THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN
AN INCONVENIENT FORUM.
(C) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL
RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY.
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13.09 Counterparts. This Agreement may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A set of counterparts
executed by all the parties hereto shall be lodged with the Borrower and the
Administrative Agent.
13.10 Effectiveness. This Agreement shall become effective on the date
(the "Effective Date") on which the Borrower, the Administrative Agent and each
of the Lenders who are initially parties hereto shall have signed a counterpart
hereof (whether the same or different counterparts) and shall have delivered the
same to the Administrative Agent or, in the case of the Lenders, shall have
given to the Administrative Agent telephonic (confirmed in writing), written or
telex notice (actually received) at such office that the same has been signed
and mailed to it. The Administrative Agent will give the Borrower and each
Lender prompt written notice of the occurrence of the Effective Date.
13.11 Headings Descriptive. The headings of the several sections and
subsections of this Agreement are inserted for convenience only and shall not in
any way affect the meaning or construction of any provision of this Agreement.
13.12 Amendment or Waiver; etc. (a) Neither this Agreement nor any
other Credit Document nor any terms hereof or thereof may be changed, waived,
discharged or terminated unless such change, waiver, discharge or termination is
in writing signed by the respective Credit Parties party thereto and the
Required Lenders, provided that no such change, waiver, discharge or termination
shall, without the consent of each Lender (other than a Defaulting Lender) (with
Obligations being directly altered in the case of following clause (i)), (i)
extend the final scheduled maturity of any Loan or Note, extend the stated
maturity of any Letter of Credit beyond the Revolving Loan Maturity Date, or
reduce the rate or extend the time of payment of interest or Fees on any Loan,
Note or Letter of Credit (except (x) in connection with the waiver of
applicability of any post-default increase in interest rates and (y) any
amendment or modification to the financial definitions in this Agreement shall
not constitute a reduction in the rate of interest for purposes of this clause
(i)), or reduce the principal amount thereof (except to the extent repaid in
cash), (ii) release all or substantially all of the Collateral (except as
expressly provided in the Credit Documents) under all the Security Documents,
(iii) amend, modify or waive any provision of this Section 13.12, (iv) reduce
the percentage specified in the definition of Required Lenders (it being
understood that, with the consent of the Required Lenders, additional extensions
of credit pursuant to this Agreement may be included in the determination of the
Required Lenders on substantially the same basis as the extensions of Loans and
Commitments are included on the Effective Date) or (v) consent to the assignment
or transfer by the Borrower of any of its rights and obligations under this
Agreement; provided further, that no such change, waiver, discharge or
termination shall (t) increase the Commitments of any Lender over the amount
thereof then in effect without the consent of such Lender (it being understood
that waivers or modifications of conditions precedent, covenants, Defaults or
Events of Default or of a mandatory reduction in the Total Commitments shall not
constitute an increase of the Commitment of any Lender, and that an increase in
the available portion of any Commitment of any Lender shall not constitute an
increase in the Commitment of such Lender), (u) without the
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consent of the Swingline Lender or, in the case of Letters of Credit, the
respective Issuing Lender, amend, modify or waive any provision of Section 2 or
alter its rights or obligations with respect to Letters of Credit or Swingline
Loans, (v) without the consent of the respective Agent, amend, modify or waive
any provision of Section 12 as same applies to such Agent or any other provision
as same relates to the rights or obligations of the respective Agent, (w)
without the consent of the Collateral Agent, amend, modify or waive any
provision relating to the rights or obligations of the Collateral Agent, (x)
except as provided in Section 13.19(b), without the consent of the Majority
Lenders of each Tranche which is being allocated a lesser prepayment, repayment
or commitment reduction as a result of the actions described below, alter the
required application of any prepayments or repayments (or commitment
reductions), as between the various Tranches, pursuant to Section 4.01 or 4.02
(excluding Sections 4.02(b) and 4.02(c)) (although (x) the Required Lenders may
waive, in whole or in part, any such prepayment, repayment or commitment
reduction (other than a Scheduled Repayment), so long as the application, as
amongst the various Tranches, of any such prepayment, repayment or commitment
reduction which is still required to be made is not altered and (y) if
additional tranches of term loans are extended after the Initial Borrowing Date
with the consent of the Required Lenders as required above, such Tranches may be
included on a pro rata basis with the Term Loans in the various prepayments or
repayments required pursuant to Sections 4.01 and 4.02 (excluding Sections
4.02(b) and 4.02(c) and any section providing scheduled repayments for any new
Tranche of Term Loans), (y) without the consent of the Majority Lenders of the
respective Tranche of Term Loans, decrease the amount of any Scheduled Repayment
of such Tranche or extend the date thereof, or (z) without the consent of the
Majority Lenders of each Tranche, amend the definition of Majority Lenders (it
being understood that, with the consent of the Required Lenders, additional
extensions of credit pursuant to this Agreement may be included in the
determination of the Majority Lenders on substantially the same basis as the
extensions of Term Loans and Commitments are included on the Effective Date).
(b) If, in connection with any proposed change, waiver, discharge or
termination to any of the provisions of this Agreement as contemplated by
clauses (i) through (v), inclusive, of the first proviso to Section 13.12(a),
the consent of the Required Lenders is obtained but the consent of one or more
of such other Lenders whose consent is required is not obtained, then the
Borrower shall have the right, so long as all non-consenting Lenders whose
individual consent is required are treated as described in either clauses (A) or
(B) below, to either (A) replace each such non-consenting Lender or Lenders (or,
at the option of the Borrower if the respective Lender's consent is required
with respect to less than all Tranches of Loans (or related Commitments), to
replace only the respective Tranche or Tranches of Commitments and/or Loans of
the respective non-consenting Lender which gave rise to the need to obtain such
Lender's individual consent) with one or more Replacement Lenders pursuant to
Section 1.13 so long as at the time of such replacement, each such Replacement
Lender consents to the proposed change, waiver, discharge or termination or (B)
terminate such non-consenting Lender's Revolving Loan Commitment (if such
Lender's consent is required as a result of its Revolving Loan Commitment),
terminate such non-consenting Lender's A Term Loan Commitment (if any) and/or B
Term Loan Commitment (if any) and repay any outstanding A Term Loans and/or B
Term Loans of such Lender which gave rise to the need to obtain such Lender's
consent, in accordance with Sections 3.02(b) and/or 4.01(iv), provided that,
unless the Commitments are
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terminated, and Loans repaid, pursuant to preceding clause (B) are immediately
replaced in full at such time through the addition of new Lenders (providing the
respective replacement Commitments and Loans) or the increase of the respective
Commitments and/or outstanding Loans of existing Lenders (who in each case must
specifically consent thereto), then in the case of any action pursuant to
preceding clause (B) the Required Lenders (determined before giving effect to
the proposed action) shall specifically consent thereto, provided further, that
in any event the Borrower shall not have the right to replace a Lender,
terminate its Commitment(s) or repay its Loans solely as a result of the
exercise of such Lender's rights (and the withholding of any required consent by
such Lender) pursuant to the second proviso to Section 13.12(a).
13.13 Survival. All indemnities set forth herein including, without
limitation, in Sections 1.10, 1.11, 2.05, 4.04, 13.01 and 13.06 shall, subject
to Section 13.15 (to the extent applicable), survive the execution, delivery and
termination of this Agreement and the Notes and the making and repayment of the
Loans.
13.14 Domicile of Loans. Each Lender may transfer and carry its Loans
at, to or for the account of any office, Subsidiary or Affiliate of such Lender.
Notwithstanding anything to the contrary contained herein, to the extent that a
transfer of Loans pursuant to this Section 13.14 would, at the time of such
transfer, result in increased costs under Section 1.10, 1.11, 2.05 or 4.04 from
those being charged by the respective Lender prior to such transfer, then the
Borrowers shall not be obligated to pay such increased costs (although the
Borrower shall be obligated to pay any other increased costs of the type
described above resulting from changes after the date of the respective
transfer).
13.15 Limitation on Additional Amounts, etc. Notwithstanding anything
to the contrary contained in Sections 1.10, 1.11, 2.05 or 4.04 of this
Agreement, unless a Lender gives notice to the Borrower that they are obligated
to pay an amount under any such Section within 180 days after the later of (x)
the date the Lender incurs the respective increased costs, Taxes, loss, expense
or liability, reduction in amounts received or receivable or reduction in return
on capital or (y) the date such Lender has actual knowledge of its incurrence of
the respective increased costs, Taxes, loss, expense or liability, reductions in
amounts received or receivable or reduction in return on capital, then such
Lender shall only be entitled to be compensated for such amount by the Borrower
pursuant to said Section 1.10, 1.11, 2.05 or 4.04, as the case may be, to the
extent the costs, Taxes, loss, expense or liability, reduction in amounts
received or receivable or reduction in return on capital are incurred or
suffered on or after the date which occurs 180 days prior to such Lender giving
notice to the Borrowers that it is obligated to pay the respective amounts
pursuant to said Section 1.10, 1.11, 2.05 or 4.04, as the case may be. This
Section 13.15 shall have no applicability to any Section of this Agreement other
than said Sections 1.10, 1.11, 2.05 and 4.04.
13.16 Confidentiality. (a) Subject to the provisions of clause (b) of
this Section 13.16, each Lender agrees that it will use its best efforts not to
disclose without the prior consent of the Borrower (other than to its employees,
auditors, advisors or counsel or to another Lender if the Lender or such
Lender's holding or parent company or board of trustees in its sole discretion
determines that any such party should have access to such information, provided
such Persons
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shall be subject to the provisions of this Section 13.16 to the same extent as
such Lender) any information with respect to the Borrower or any of its
Subsidiaries which is now or in the future furnished pursuant to this Agreement
or any other Credit Document, provided that any Lender may disclose any such
information (a) as has become generally available to the public other than by
virtue of a breach of this Section 13.16(a) by the respective Lender, (b) as may
be required in any report, statement or testimony submitted to any municipal,
state or Federal regulatory body having or claiming to have jurisdiction over
such Lender or to the Federal Reserve Board or the Federal Deposit Insurance
Corporation or similar organizations (whether in the United States or elsewhere)
or their successors, (c) as may be required in respect to any summons or
subpoena or in connection with any litigation, (d) in order to comply with any
law, order, regulation or ruling applicable to such Lender, (e) to the
Administrative Agent or the Collateral Agent and (f) to any prospective or
actual transferee or participant in connection with any contemplated transfer or
participation of any of the Notes or Commitments or any interest therein by such
Lender, provided that such prospective transferee is informed that it shall be
bound by the confidentiality provisions contained in this Section 13.16.
(b) The Borrower hereby acknowledges and agrees that each Lender may
share with any of their affiliates any information related to the Borrower or
any of its Subsidiaries (including, without limitation, any nonpublic customer
information regarding the creditworthiness of the Borrower or its Subsidiaries,
provided such Persons shall be subject to the provisions of this Section 13.16
to the same extent as such Lender).
13.17 Register. The Borrower hereby designates the Administrative Agent
to serve as the Borrower's agent, solely for purposes of this Section 13.17, to
maintain a register (the "Register") on which it will record the Commitments
from time to time of each of the Lenders, the Loans made by each of the Lenders
and each repayment in respect of the principal amount of the Loans of each
Lender. Failure to make any such recordation, or any error in such recordation,
shall not affect the Borrower's obligations in respect of such Loans. With
respect to any Lender, the transfer of the Commitments of such Lender and the
rights to the principal of, and interest on, any Loan made pursuant to such
Commitments shall not be effective until such transfer is recorded on the
Register maintained by the Administrative Agent with respect to ownership of
such Commitments and Loans and prior to such recordation all amounts owing to
the transferor with respect to such Commitments and Loans shall remain owing to
the transferor. The registration of assignment or transfer of all or part of any
Commitments and Loans shall be recorded by the Administrative Agent on the
Register only upon the acceptance by the Administrative Agent of a properly
executed and delivered Assignment and Assumption Agreement pursuant to Section
13.04(b). Coincident with the delivery of such an Assignment and Assumption
Agreement to the Administrative Agent for acceptance and registration of
assignment or transfer of all or part of a Loan, or as soon thereafter as
practicable, the assigning or transferor Lender shall surrender the Note
evidencing such Loan, and thereupon one or more new Notes in the same aggregate
principal amount shall be issued to the assigning or transferor Lender and/or
the new Lender. The Borrower agrees to indemnify the Administrative Agent from
and against any and all losses, claims, damages and liabilities of whatsoever
nature which may be imposed on, asserted against or incurred by the
Administrative Agent in performing its duties under this Section 13.17.
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13.18 Post-Closing Actions. Notwithstanding anything to the contrary
contained in this Agreement or the other Credit Documents, the parties hereto
acknowledge and agree that actions described on Schedule IX shall be completed
in accordance with Schedule IX. All provisions of this Credit Agreement and the
other Credit Documents (including, without limitation, all conditions precedent,
representations, warranties, covenants, Events of Default and other terms hereof
and thereof) shall be deemed modified to the extent necessary to effect the
foregoing (and to permit the taking of the actions described above within the
time periods specified on Schedule IX, rather than as otherwise provided in the
Credit Documents); provided that to the extent any representation and warranty
would not be true because the foregoing actions were not taken on the Initial
Borrowing Date, the respective representation and warranty shall be required to
be true and correct in all material respects at the time the respective action
is taken (or was required to be taken) in accordance with the foregoing
provisions of this Section 13.18. The acceptance of the benefits of the Loans
shall constitute a covenant and agreement by the Borrower to each of the Lenders
that the actions required pursuant to this Section 13.18 will be, or have been,
taken within the relevant time periods referred to in this Section 13.18 and on
Schedule IX and that, at such time, all representations and warranties contained
in the Credit Documents shall then be true and correct without any modification
pursuant to this Section 13.18. The parties hereto acknowledge and agree that
the failure to take any of the actions required above, within the relevant time
periods required above, shall give rise to an immediate Event of Default
pursuant to this Agreement.
13.19 Special Provisions Concerning Distributor Notes and Loans to
Distributors. (a) Notwithstanding anything to the contrary in this Agreement
(including, without limitation, Section 12.01 hereof) neither Bankers Trust
Company nor any of its Affiliates shall, or shall have any responsibility to,
hold as collateral agent or trustee or otherwise obtain control over, any of the
Distributor Notes and related assets, regardless of whether such Distributor
Notes and related assets constitute Collateral pursuant to the Security
Documents; provided that Bankers Trust Company in its capacity as Collateral
Agent, may (but shall be under no obligation to) appoint a sub-collateral agent
to hold such Distributor Notes from time to time for the benefit of the Secured
Creditors, and the Borrower and each of the Lenders hereby agree that any such
sub-collateral agent appointed in accordance with this Section 13.19(a) shall,
except as otherwise expressly agreed among such sub-collateral agent and the
Collateral Agent, hold such Distributor Notes and related Collateral in
accordance with the applicable provisions of Section 12 and the relevant
Security Documents and shall be entitled to the benefits of the provisions set
forth in Section 12 and in such Security Documents. As of the Initial Borrowing
Date, the Collateral Agent has designated SunTrust to act as sub-collateral
agent pursuant to this Section 13.19 and Section 4 of the Pledge Agreement,
provided that, in such capacity, SunTrust shall hold such Collateral in
accordance with this Section 13.19 and Section 4 of the Pledge Agreement until
the earliest of (i) the resignation of SunTrust as sub-collateral agent in
accordance with the provisions of Section 12.09, whereupon SunTrust shall
forthwith deliver all Distributor Notes and related Collateral in its possession
in accordance with the directions of the Collateral Agent (including, without
limitation, by delivering such Collateral to any other sub-collateral agent
appointed by the Collateral Agent pursuant to this Section 13.19 and Section 4
of the Pledge Agreement or to the applicable Pledgor to be held in accordance
with the provisions of Section 3.2(a)(v) of the Pledge Agreement), (ii) receipt
by SunTrust of written notice from the Collateral
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Agent requesting that any such Collateral be delivered to the Collateral Agent
or its designee (including, without limitation, any other sub-collateral agent
appointed by the Collateral Agent pursuant to this Section 13.19 and Section 4
of the Pledge Agreement) and (iii) the exercise, following the occurrence of an
Event of Default, of any remedies specified in the final paragraph of Section
10, whereupon SunTrust shall, unless otherwise agreed with the Collateral Agent
at such time, forthwith deliver all Distributor Notes and related Collateral in
its possession to the Collateral Agent, to be held as security for the Secured
Creditors in accordance with the terms of the Pledge Agreement. It is hereby
agreed that nothing set forth in this Section 13.19(a) shall in any way affect
the Borrower's or any of its Subsidiaries' respective obligations to take any
future action in respect of the Distributor Notes requested to be taken by the
Collateral Agent or the Required Lenders pursuant to Section 8.12, nor shall
anything set forth herein affect the validity and enforceability of the security
interest granted to the Collateral Agent (or any sub-collateral agent in any
Distributor Notes and related Collateral) pursuant to the relevant Security
Documents, except with respect to any lack of perfection of such security
interest to the extent a sub-collateral agent has not been appointed to hold
such Distributor Notes. The Borrower hereby further agrees that it shall timely
pay to any sub-collateral agent appointed by the Collateral Agent in accordance
with this Section 13.19(a) the customary and reasonable fees and expenses
charged by such sub-collateral agent for acting in such capacity as the Borrower
and such sub-collateral agent shall agree.
(b) SunTrust hereby agrees for the benefit of the Secured Creditors
that (x) all Distributor Notes and related Collateral held by it on the date
hereof, and at any time hereafter, are held by it as sub-collateral agent of the
Collateral Agent, for the benefit of the Secured Creditors, pursuant to the
Security Documents and (y) it will act solely at the direction of the Collateral
Agent or the Required Lenders in respect of such Collateral; provided that,
notwithstanding the foregoing provisions of this Section 13.19, the Collateral
Agent hereby authorizes SunTrust to release to the Borrower and its Subsidiaries
from time to time such Distributor Notes, and to execute such UCC terminations
and assignments related thereto (other than releases and terminations of UCC
filings in favor of the Collateral Agent), as the Borrower or any of its
Subsidiaries has confirmed to SunTrust, in writing signed by any person who
purports to be an officer of the Borrower or such Subsidiary, have been repaid
in full by such applicable Distributor.
(c) The Lenders hereby acknowledge that the Borrower has indicated
that, subject to receipt of approval of the Required Lenders in accordance with
the provisions of Section 13.12 of this Agreement, the Borrower and its
Subsidiaries may wish to sell Distributor Notes owned by the Borrower and its
Subsidiaries pursuant to a distributor note financing arrangement on terms and
conditions, and subject to documentation, satisfactory to the Required Lenders.
Notwithstanding anything to the contrary contained in this Agreement (including,
without limitation, the provisions of Section 13.12), to the extent any such
distributor note financing arrangement is approved by the Required Lenders, (i)
the release of the Distributor Notes and related Collateral from the Liens in
favor of the Secured Creditors pursuant to the Security Documents shall thereby
be approved, (ii) the provisions of this Section 13.19 may be amended or
modified by the Required Lenders in accordance with the requirements of Section
13.12 and (iii) the proceeds of any such Indebtedness incurred pursuant to such
distributor note financing
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arrangement as so approved by the Required Lenders shall be applied to repay
outstanding Loans and/or reduce the Total Revolving Loan Commitment in a manner
to be determined by the Required Lenders concurrently with such approval (which
may be different than the application required pursuant to Section 4.02). In
addition, each Lender hereby agrees that, to the extent any such distributor
note financing arrangement is approved by the Required Lenders, the
Administrative Agent, the Collateral Agent, the Borrower and its Subsidiaries
shall be entitled to enter into any intercreditor arrangements deemed
appropriate by the Administrative Agent and approved by the Required Lenders,
and this Agreement and the other Credit Documents shall be amended as reasonably
required to give effect to such distributor note financing arrangement as so
approved.
* * * *
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IN WITNESS WHEREOF, the parties hereto have caused their duly
authorized officers to execute and deliver this Agreement as of the date first
above written.
Address:
0000 Xxxxxxx Xxxxxx FLOWERS FOODS, INC.,
Xxxxxxxxxxx, XX 00000 as Borrower
Attention: Secretary and General Counsel
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
By /s/ Xxxxx X. Xxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Vice President and Chief
Financial Officer
BANKERS TRUST COMPANY,
Individually and as Administrative Agent
By /s/ Xxxxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Vice President
SUNTRUST BANK,
Individually and as Syndication Agent
By /s/ Xxxxxxx Xxxxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxxx
Title: Vice President
130
SCHEDULE I
COMMITMENTS
A Term B Term Revolving
Lender Loan Commitment Loan Commitment Loan Commitment
---------------- ---------------- ----------------
Bankers Trust Company $ 78,947,368.42 $ 118,421,052.63 $ 102,631,578.95
SunTrust Bank $ 21,052,631.58 $ 31,578,947.37 $ 27,368,421.05
================ ================ ================
Totals: $ 100,000,000.00 $ 150,000,000.00 $ 130,000,000.00
131
SCHEDULE II
LENDER ADDRESSES
BANKERS TRUST COMPANY
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
SUNTRUST BANK
000 Xxxxxxxxx Xxxxxx, X.X.
Xxxxx Xxxxx
Xxxxxxx, Xxxxxxx 00000
Attention: Xxxxxxx Xxxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
132
SCHEDULE III - EXISTING LIENS
Liens in certain trademarks, trademark applications, royalties, goodwill,
certain recipes and formulas, related books and records, proceeds and related
assets, under and to the extent created pursuant to that certain Security
Agreement, detail as of May 31, 1996, by Xxx. Xxxxx'x Bakeries, Inc. in favor of
The X.X. Xxxxxxx Company securing Xxx. Xxxxx'x Bakeries, LLC's obligations under
the Smuckers Note: SEE BELOW:
TRADEMARK COLLATERAL
--------------------
TRADEMARKS REGISTRATION OR APPLICATION #
---------- -----------------------------
US TRADEMARKS REGISTERED
Xxxxx-Xxxx (stylized) 817,477
Miracle Bake 789,525
Xxx. Xxxxx'x 786,887
Xxx. Xxxxx'x 1,276,937
Xxx. Xxxxx'x & Design 1,276,935
Xxx. Xxxxx'x & Design 1,696,347
Xxx. Xxxxx'x & Design 791,923
Old Fashioned 1,461,503
Smartstyle 1,803,860
Pie in Minutes 1,735,065
Golden Deluxe 1,140,046
FOREIGN TRADEMARKS REGISTERED
CANADA
Xxx. Xxxxx'x & Design 163,593
Xxx. Xxxxx'x 242,933
Xxx. Xxxxx'x Fruit Bundels 312,256
Xxx. Xxxxx'x Pie in Minutes 319,874
Xxx. Xxxxx'x & Design 336,319
Xxx. Xxxxx'x & Design 333,714
Xxx. Xxxxx'x & Design 333,566
Xxx. Xxxxx'x & Design 336,320
Xxx. Xxxxx'x & Design 336,321
Xxx. Xxxxx'x & Design 336,222
Xxx. Xxxxx'x & Design 336,323
Xxx. Xxxxx'x & Design 336,324
Xxx. Xxxxx'x & Design 336,325
Xxx. Xxxxx'x & Design 336,326
Xxx. Xxxxx'x & Design 411,813
MEXICO
Xxx. Xxxxx'x 471,452
US TRADEMARKS APPLIED FOR
The taste That Takes You Home 74/721,383
133
SCHEDULE IV - EXISTING INDEBTEDNESS
SECTION A
Indebtedness to remain outstanding:
Indebtedness of the Borrower consisting of indemnification obligations arising
in favor of Flowers Industries, Inc. and its successors and assigns, under the
Distribution Agreement and the Employment Benefits Agreement between Flower's
Industries, Inc. and Flowers Foods, Inc., dated as of October 26, 2000 as in
effect on the Initial Borrowing Date.
SECTION B
Indebtedness to be Refinanced:
Loan Facility Agreement by and among Flowers Industries, Inc., SunTrust Bank,
and each of the participants party thereto dated as of November 5, 1999 in the
aggregate principal amount of $80,000,000, as amended by the First Amendment,
dated December 31, 1999, the Second Amendment, dated March 30, 2000, and the
Third Amendment, dated November 3, 2000. The amount outstanding on the Initial
Borrowing Date is $77,887,144.07.
134
SCHEDULE V - INSURANCE
[OMITTED]
135
SCHEDULE VI - ERISA
Flowers Foods, Inc. 401(k) Retirement Savings Plan, as amended and restated
effective as of March 26, 2001.
Tulip Retirement Plan No. 1 and the Tulip Retirement Plan No. 2 as described
more fully in that certain Employment Benefits Agreement between Flower's
Industries, Inc. and Flowers Foods, Inc. dated as of October 26, 2000.
Retail, Wholesale and Department Store International Union and Industry Pension
Fund, the Bakery and Confectionery Workers Union and Industry Pension Fund, and
the Employer-Teamsters Joint Council No. 84 Pension Fund as described more fully
in that certain Employment Benefits Agreement between Flower's Industries, Inc.
and Flowers Foods, Inc. dated as of October 26, 2000.
136
SCHEDULE VII - SUBSIDIARIES
PERCENTAGE
FEIN OWNED
---- ----------
I. Flowers Foods, Inc. (GA) 00-0000000 Parent
a. Flowers Finance, LLC (DE) 00-0000000 100%
b. Flowers Bakeries, LLC (GA) 00-0000000 100%
i. Flowers Baking Co. of Florida, LLC (FL) 00-0000000 100%
1. Flowers Baking Co. of Miami, LLC (FL) 00-0000000 100%
2. Flowers Baking Co. of Jacksonville, LLC (FL) 00-0000000 100%
3. Flowers Baking Co. of Bradenton, LLC (FL) 00-0000000 100%
ii. Flowers Baking Co. of Thomasville, LLC (GA) 00-0000000 100%
iii. Flowers Baking Co. of Villa Rica, LLC (GA) 00-0000000 100%
iv. Flowers Baking Co. of Opelika, LLC (AL) 00-0000000 100%
1. Xxxxxx Street Bakery, LLC (AL) 00-0000000 100%
x. Xxxxxx'x Bakery, LLC (AL) 00-0000000 100%
vi. Home Baking Company, LLC (AL) 00-0000000 100%
vii. Xxxxx Bakery, LLC (LA) 00-0000000 100%
1. Bunny Bread, LLC (LA) 00-0000000 100%
a. Flowers Baking Co. of Baton Rouge, LLC (LA) 00-0000000 100%
viii. Flowers Baking Co. of Jamestown, LLC (NC) 00-0000000 100%
ix. Franklin Baking Company, LLC (NC) 00-0000000 100%
x. Flowers Baking Co. of Lynchburg, LLC (VA) 00-0000000 100%
xi. Flowers Baking Co. of Norfolk, LLC (VA) 00-0000000 100%
xii. Flowers Baking Co. of Morristown, LLC (TN) 00-0000000 100%
xiii. Xxxxxx'x Bakery, LLC (TX) 00-0000000 100%
xiv. Flowers Baking Co. of West Virginia, LLC (WV) 00-0000000 100%
1. The Donut House, LLC (WV) 00-0000000 100%
xv. Flowers Baking Co. of Texas, LLC (TX) 00-0000000 100%
1. Flowers Baking Co. of Tyler, LLC (GA) 00-0000000 100%
a. Butterkrust Bakery, LLC (TX) 00-0000000 100%
2. El Paso Baking Co., LLC (TX) 00-0000000 100%
a. El Paso Baking Company de Mexico, S.A. de C.V. (MEXICO) 100%
3. San Antonio Baking Co., LLC (TX) 00-0000000 100%
4. Austin Baking Co., LLC (TX) 00-0000000 100%
5. Corpus Christi Baking Co., LLC. (TX) 00-0000000 100%
xvi. Flowers Baking Co. of Texarkana, LLC (AR) 00-0000000 100%
xvii. Holsum Baking Company, LLC (AR) 00-0000000 100%
xviii. Xxxxxxx Baking Company, LLC (AR) 00-0000000 100%
xix. Xxxxxx Baking Company, LLC (WV) 00-0000000 100%
xx. Table Pride, LLC (GA) 00-0000000 100%
xxi. Flowers Baking Co. of Memphis, LLC (TN) 00-0000000 100%
xxii. Hampton Roads Baking Company, LLC (VA) 00-0000000 100%
137
xxiii. Flowers Bakeries Brands, Inc. (DE) 00-0000000 100%
3. Xxx. Xxxxx'x Bakeries, LLC (GA) 00-0000000 100%
a. European Bakers, LLC (GA) 00-0000000 100%
b. Xxxx Xxxxx'x Bakery, LLC (GA) 00-0000000 100%
c. Xxx-Co Bakery, LLC (GA) 00-0000000 100%
x. Xxxxxx'x Home Bakery of North Carolina, LLC (NC) 00-0000000 100%
d. Xxx. Xxxxx'x Bakeries Sales Support Group, LLC (GA) 00-0000000 100%
i. Xxx. Xxxxx'x Foil Company, LLC (GA) 00-0000000 100%
e. Xxx. Xxxxx'x Bakeries Frozen Distributors, LLC (GA) 00-0000000 100%
f. Xxx. Xxxxx'x Bakeries of Pennsylvania, LLC (GA) 00-0000000 100%
g. Flowers Specialty Foods of Montgomery, LLC (AL) 00-0000000 100%
h. Flowers Baking Company of Fountain Inn, LLC (SC) 00-0000000 100%
i. Flowers Fresh Bakery Distributors, Inc. (TN) 00-0000000 100%
j. Xxx. Xxxxx'x Bakery of London, LLC (KY) 00-0000000 100%
k. Xxx. Xxxxx'x Brands, Inc. (SC) 00-0000000 100%
l. Xxx. Xxxxx'x Bakery of Stilwell, LLC (OK) 00-0000000 100%
m. Xxx. Xxxxx'x Bakery of Spartanburg, LLC. (SC) 00-0000000 100%
n. Xxx. Xxxxx'x Bakery of Crossville, LLC. (TN) 00-0000000 100%
o. Xxx. Xxxxx'x Bakery of Suwanee, LLC (GA) 00-0000000 100%
138
SCHEDULE VIII - TAX MATTERS
[OMITTED]
139
SCHEDULE IX - POST-CLOSING ACTIONS
1. On or prior to 30 days after the Initial Borrowing Date, the Borrower shall
deliver to the Collateral Agent stock certificate representing 65% of its
total issued and outstanding stock of El Paso Baking Company de Mexico, S.A.
de C.V., accompanied by an executed and undated stock power.
2. On or prior to 30 days after the Initial Borrowing Date, the Borrower shall
have provided to the Administrative Agent the remaining undelivered UCC-11
lien search results requested by the Administrative Agent prior to the
Initial Borrowing Date.
3. On or prior to 30 days after the Initial Borrowing Date, the Borrower shall
cause UCC-3 Termination Statements in respect of the liens existing under the
Existing Distributor Note Documents to be executed, delivered and filed by
the appropriate secured parties party thereto, in accordance with the
Assignment, Assumption and Release Agreement delivered to the Borrower prior
to the Initial Borrowing Date.
4. On or prior to 30 days after the Initial Borrowing Date, (i) the Borrower
shall cause SunTrust to endorse the Distributor Notes (as defined in the
Pledge Agreement) listed on Annex C to the Pledge Agreement to the order of
the Borrower and (ii) following the receipt of each endorsement referred to
in the preceding clause (i), the Borrower shall endorse such Distributor
Notes in blank to the order of the Collateral Agent.
140
EXHIBIT A-1
NOTICE OF BORROWING
[Date]
Bankers Trust Company,
as Administrative Agent for the Lenders party
to the Credit Agreement
referred to below
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxxxx
Ladies and Gentlemen:
The undersigned, Flowers Foods, Inc. (the "Borrower"), refers
to the Credit Agreement, dated as of March 26, 2001 (as amended, restated,
modified and/or supplemented from time to time, the "Credit Agreement," the
terms defined therein being used herein as therein defined), among the Borrower,
the lenders from time to time party thereto (the "Lenders"), SunTrust Bank, as
Syndication Agent, and you, as Administrative Agent for such Lenders, and hereby
gives you notice, irrevocably, pursuant to Section 1.03(a) of the Credit
Agreement, that the undersigned hereby requests a Borrowing under the Credit
Agreement, and in that connection sets forth below the information relating to
such Borrowing (the "Proposed Borrowing") as required by Section 1.03(a) of the
Credit Agreement:
(i) The Business Day of the Proposed Borrowing is
____________.1
(ii) The aggregate principal amount of the Proposed Borrowing
is $____________.
(iii) The Proposed Borrowing shall consist of [A Term Loans]
[B Term Loans] [Revolving Loans].
------------------------
1 Shall be (x) in the case of Base Rate Loans, the date hereof or any
Business Day hereafter, provided that any such notice shall be deemed to
have been given on a certain day only if received by the Administrative
Agent no later than 10:00 A.M. (New York time) on such day and (y) in the
case of Eurodollar Loans, at least three Business Days prior to the date
hereof, provided that any such notice shall be deemed to have been given
on a certain day only if received by the Administrative Agent no later
than 11:00 A.M. (New York time) on such day.
141
Exhibit A-1
Page 2
(iv) The Loans to be made pursuant to the Proposed Borrowing
shall be initially maintained as [Base Rate Loans] [Eurodollar Loans].
[(v) The initial Interest Period for the Proposed Borrowing is
____ month(s).]2
The undersigned hereby certifies that the following statements
are true on the date hereof, and will be true on the date of the Proposed
Borrowing:
(A) the representations and warranties contained in the Credit
Agreement and in the other Credit Documents are and will be true and correct in
all material respects, both before and after giving effect to the Proposed
Borrowing and to the application of the proceeds thereof, as though made on such
date, unless stated to relate to a specific earlier date, in which case such
representations and warranties shall be true and correct in all material
respects as of such earlier date; and
(B) no Default or Event of Default has occurred and is
continuing, or would result from such Proposed Borrowing or from the application
of the proceeds thereof.
Very truly yours,
FLOWERS FOODS, INC.
By ________________________
Name:
Title:
------------------------
2 To be included for a Proposed Borrowing of Eurodollar Loans.
142
Exhibit A-2
NOTICE OF CONVERSION/CONTINUATION
[Date]
Bankers Trust Company,
as Administrative Agent for the Lenders party
to the Credit Agreement
referred to below
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxxxx
Ladies and Gentlemen:
The undersigned, Flowers Foods, Inc. (the "Borrower"), refers
to the Credit Agreement, dated as of March 26, 2001 (as amended, restated,
modified and/or supplemented from time to time, the "Credit Agreement," the
terms defined therein being used herein as therein defined), among the Borrower,
the lenders from time to time party thereto (the "Lenders"), SunTrust Bank, as
Syndication Agent, and you, as Administrative Agent for such Lenders, and hereby
gives you notice, irrevocably, pursuant to Section [1.06] [1.09] of the Credit
Agreement, that the undersigned hereby requests to [convert] [continue] the
Borrowing of [A Term Loans] [B Term Loans] [Revolving Loans] referred to below,
and in that connection sets forth below the information relating to such
[conversion] [continuation] (the "Proposed [Conversion] [Continuation]") as
required by Section [1.06] [1.09] of the Credit Agreement:
(i) The Proposed [Conversion] [Continuation] relates to the
Borrowing of [A Term Loans] [B Term Loans] [Revolving Loans] originally made on
_____ __, ____ (the "Outstanding Borrowing") in the principal amount of
$________ and currently maintained as a Borrowing of [Base Rate Loans]
[Eurodollar Loans with an Interest Period ending on [Date]].
(ii) The Business Day of the Proposed [Conversion]
[Continuation] is [Date].1
-------------------------
1 Shall be a Business Day at least one Business Day in the case of Base Rate
Loans and at least three Business Days in the case of a conversion into
Eurodollar Loans in each case after the date hereof, provided that such
notice shall be deemed to have been given on a certain day only if given
before 12:00 Noon (New York time) on such day.
143
Exhibit A-2
Page 2
(iii) The Outstanding Borrowing shall be [continued as a
Borrowing of Eurodollar Loans with an Interest Period of _______] [converted
into a Borrowing of [Base Rate Loans] [Eurodollar Loans with an Interest Period
of ___].2
The undersigned hereby certifies that no Specified Default or
Event of Default has occurred and is continuing on the date hereof, or will
exist on the date of the Proposed [Conversion][Continuation].
Very truly yours,
FLOWERS FOODS, INC.
By ________________________
Name:
Title:
-----------------------
2 In the event that either (x) only a portion of the Outstanding Borrowing
is to be so converted or continued or (y) the Outstanding Borrowing is to
be divided into separate Borrowings with different Interest Periods, the
Borrower should make appropriate modifications to this clause to reflect
same.
144
EXHIBIT B-1
A TERM NOTE
$________ New York, New York
[Date]
FOR VALUE RECEIVED, FLOWERS FOODS, INC., a Georgia corporation
(the "Borrower"), hereby promises to pay to ____________ or its registered
assigns (the "Lender"), in lawful money of the United States of America in
immediately available funds, at the office of Bankers Trust Company (the
"Administrative Agent") located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000
on the A Term Loan Maturity Date (as defined in the Credit Agreement referred to
below) the principal sum of _____________ DOLLARS ($_____) or, if less, the
unpaid principal amount of all Term Loans (as defined in the Credit Agreement)
made by the Lender pursuant to the Credit Agreement.
The Borrower promises also to pay interest on the unpaid
principal amount hereof in like money at said office from the date hereof until
paid at the rates and at the times provided in Section 1.08 of the Credit
Agreement.
This Note is one of the A Term Notes referred to in the Credit
Agreement, dated as of March 26, 2001, among the Borrower, the lenders from time
to time party thereto (including the Lender), SunTrust Bank, as Syndication
Agent, and the Administrative Agent (as amended, restated, modified and/or or
supplemented from time to time, the "Credit Agreement") and is entitled to the
benefits thereof and of the other Credit Documents (as defined in the Credit
Agreement). This Note is secured by the Security Documents (as defined in the
Credit Agreement) and is entitled to the benefits of the Subsidiaries Guaranty
(as defined in the Credit Agreement). This Note is subject to voluntary
prepayment and mandatory repayment prior to the A Term Loan Maturity Date, in
whole or in part, as provided in the Credit Agreement.
In case an Event of Default (as defined in the Credit
Agreement) shall occur and be continuing, the principal of and accrued interest
on this Note may become or be declared to be due and payable in the manner and
with the effect provided in the Credit Agreement.
The Borrower hereby waives presentment, demand, protest or
notice of any kind in connection with this Note.
145
Exhibit B-1
Page 2
THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
FLOWERS FOODS, INC.
By _________________________
Name:
Title:
146
EXHIBIT X-0
X XXXX XXXX
x________ Xxx Xxxx, Xxx Xxxx
[Date]
FOR VALUE RECEIVED, FLOWERS FOODS, INC., a Georgia corporation
(the "Borrower"), hereby promises to pay to ____________ or its registered
assigns (the "Lender"), in lawful money of the United States of America in
immediately available funds, at the office of Bankers Trust Company (the
"Administrative Agent") located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000
on the B Term Loan Maturity Date (as defined in the Credit Agreement referred to
below) the principal sum of _____________ DOLLARS ($_____) or, if less, the
unpaid principal amount of all Term Loans (as defined in the Credit Agreement)
made by the Lender pursuant to the Credit Agreement.
The Borrower promises also to pay interest on the unpaid
principal amount hereof in like money at said office from the date hereof until
paid at the rates and at the times provided in Section 1.08 of the Credit
Agreement.
This Note is one of the B Term Notes referred to in the Credit
Agreement, dated as of March 26, 2001, among the Borrower, the lenders from time
to time party thereto (including the Lender), SunTrust Bank, as Syndication
Agent, and the Administrative Agent (as amended, restated, modified and/or or
supplemented from time to time, the "Credit Agreement") and is entitled to the
benefits thereof and of the other Credit Documents (as defined in the Credit
Agreement). This Note is secured by the Security Documents (as defined in the
Credit Agreement) and is entitled to the benefits of the Subsidiaries Guaranty
(as defined in the Credit Agreement). This Note is subject to voluntary
prepayment and mandatory repayment prior to the B Term Loan Maturity Date, in
whole or in part, as provided in the Credit Agreement.
In case an Event of Default (as defined in the Credit
Agreement) shall occur and be continuing, the principal of and accrued interest
on this Note may become or be declared to be due and payable in the manner and
with the effect provided in the Credit Agreement.
The Borrower hereby waives presentment, demand, protest or
notice of any kind in connection with this Note.
147
Exhibit B-2
Page 2
THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
FLOWERS FOODS, INC.
By _________________________
Name:
Title:
148
Exhibit B-3
REVOLVING NOTE
$__________ New York, New York
[Date]
FOR VALUE RECEIVED, FLOWERS FOODS, INC., a Georgia corporation
(the "Borrower"), hereby promises to pay to or its registered assigns (the
"Lender"), in lawful money of the United States of America in immediately
available funds, at the office of Bankers Trust Company (the "Administrative
Agent") located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 on the Revolving
Loan Maturity Date (as defined in the Credit Agreement referred to below) the
principal sum of _____________ DOLLARS ($________) or, if less, the unpaid
principal amount of all Revolving Loans (as defined in the Credit Agreement)
made by the Lender pursuant to the Credit Agreement.
The Borrower promises also to pay interest on the unpaid
principal amount hereof in like money at said office from the date hereof until
paid at the rates and at the times provided in Section 1.08 of the Credit
Agreement.
This Note is one of the Revolving Notes referred to in the
Credit Agreement, dated as of March 26, 2001, among the Borrower, the lenders
from time to time party thereto (including the Lender), SunTrust Bank, as
Syndication Agent, and the Administrative Agent (as amended, restated, modified
and/or supplemented from time to time, the "Credit Agreement") and is entitled
to the benefits thereof and of the other Credit Documents (as defined in the
Credit Agreement). This Note is secured by the Security Documents (as defined in
the Credit Agreement) and is entitled to the benefits of the Subsidiaries
Guaranty (as defined in the Credit Agreement). This Note is subject to voluntary
prepayment and mandatory repayment prior to the Revolving Loan Maturity Date, in
whole or in part, as provided in the Credit Agreement.
In case an Event of Default (as defined in the Credit
Agreement) shall occur and be continuing, the principal of and accrued interest
on this Note may become or be declared to be due and payable in the manner and
with the effect provided in the Credit Agreement.
The Borrower hereby waives presentment, demand, protest or
notice of any kind in connection with this Note.
149
Exhibit B-3
Page 2
THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
FLOWERS FOODS, INC.
By _________________________
Name:
Title:
150
Exhibit B-4
SWINGLINE NOTE
$________________ New York, New York
[Date]
FOR VALUE RECEIVED, FLOWERS FOODS, INC., a Georgia corporation
(the "Borrower"), hereby promises to pay to BANKERS TRUST COMPANY or its
registered assigns (the "Lender"), in lawful money of the United States of
America in immediately available funds, at the office of Bankers Trust Company
(the "Administrative Agent") located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx
00000 on the Swingline Expiry Date (as defined in the Credit Agreement referred
to below) the principal sum of _____________ DOLLARS ($_________) or, if less,
the unpaid principal amount of all Swingline Loans (as defined in the Credit
Agreement) made by the Lender pursuant to the Credit Agreement.
The Borrower promises also to pay interest on the unpaid
principal amount hereof in like money at said office from the date hereof until
paid at the rates and at the times provided in Section 1.08 of the Credit
Agreement.
This Note is the Swingline Note referred to in the Credit
Agreement, dated as of March 26, 2001, among the Borrower, the lenders from time
to time party thereto (including the Lender), SunTrust Bank, as Syndication
Agent, and the Administrative Agent (as amended, restated, modified and/or
supplemented from time to time, the "Credit Agreement") and is entitled to the
benefits thereof and of the other Credit Documents (as defined in the Credit
Agreement). This Note is secured by the Security Documents (as defined in the
Credit Agreement) and is entitled to the benefits of the Subsidiaries Guaranty
(as defined in the Credit Agreement). This Note is subject to voluntary
prepayment and mandatory repayment prior to the Swingline Expiry Date, in whole
or in part, as provided in the Credit Agreement.
In case an Event of Default (as defined in the Credit
Agreement) shall occur and be continuing, the principal of and accrued interest
on this Note may become or be declared to be due and payable in the manner and
with the effect provided in the Credit Agreement.
The Borrower hereby waives presentment, demand, protest or
notice of any kind in connection with this Note.
151
Exhibit B-4
Page 2
THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
FLOWERS FOODS, INC.
By _________________________
Name:
Title:
152
Exhibit C
LETTER OF CREDIT REQUEST
Dated 1
------------
Bankers Trust Company, as Administrative Agent under
the Credit Agreement (as amended, restated, modified
and/or supplemented from time to time, the "Credit
Agreement"), dated as of March 26, 2001
among Flower Foods, Inc. (the "Borrower"),
the lenders from time to time party thereto,
SunTrust Bank, as Syndication Agent,
and Bankers Trust Company,
as Administrative Agent
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxxxx
Issuing Lender: [ 2 ]
---------------------------------
Attention:
Dear Sirs:
We hereby request that [Issuing Lender], in its individual
capacity, issue a [Standby] [Trade] Letter of Credit for the account of the
undersigned on 3 (the "Date of Issuance") in the aggregate stated amount of 4 .
---------------------------
1 Date of Letter of Credit Request
2 Name and address of the Issuing Lender. In those instances where Bankers
Trust Company or one of its Affiliates is the Issuing Lender, (i) for
Standby Letters of Credit insert Bankers Trust Company, 000 Xxxxxxx
Xxxxxx, Xxx Xxxx, XX 00000-XX NYC02-1403, Attention: Commercial Loan
Division Standby Letter of Credit Unit and (ii) for Trade Letters of
Credit insert Deutsche Bank AG, NY Branch, 00 Xxxx 00xx Xxxxxx, Xxx Xxxx,
XX 00000, Attention: Trade Finance, 12th Floor.
3 Date of Issuance which shall be at least five Business Days from the date
hereof (or such shorter period as is acceptable to the respective Issuing
Lender).
4 Aggregate initial Stated Amount of Letter of Credit
153
Exhibit C
Page 2
For purposes of this Letter of Credit Request, unless
otherwise defined herein, all capitalized terms used herein and defined in the
Credit Agreement shall have the respective meaning provided such terms in the
Credit Agreement.
The beneficiary of the requested Letter of Credit will be 5,
and such Letter of Credit will be in support of 6 and will have a stated
expiration date of 7.
We hereby certify that:
(1) the representations and warranties contained in the Credit
Agreement and in the other Credit Documents are and will be true and correct in
all material respects, both before and after giving effect to the issuance of
the Letter of Credit requested hereby, on the Date of Issuance (it being
understood and agreed that any representation or warranty which by its terms is
made as of a specified date shall be required to be true and correct in all
material respects only as of such specified date); and
(2) no Default or Event of Default has occurred and is
continuing nor, after giving effect to the issuance of the Letter of Credit
requested hereby, would such a Default or an Event of Default occur.
Copies of all documentation with respect to the supported
transaction are attached hereto.
FLOWERS FOODS, INC.
By:_________________________________
Name:
Title:
--------------------------
5 Insert name and address of beneficiary.
6 Insert a brief description of L/C Supportable Indebtedness or applicable
trade obligations, as the case may be.
7 Insert the last date upon which drafts may be presented which may not be
later than (A) in the case of Standby Letters of Credit, the earlier of
(x) 12 months after the Date of Issuance and (y) the tenth Business Day
prior to the Revolving Loan Maturity Date and (B) in the case of Trade
Letters of Credit, the earlier of (x) 180 days after the Date of Issuance
and (y) 30 days prior to the Revolving Loan Maturity Date.
154
Exhibit D
SECTION 4.04(b)(ii) CERTIFICATE
Reference is hereby made to the Credit Agreement, dated as of
March 26, 2001, among Flowers Foods, Inc., the lenders from time to time party
thereto, SunTrust Bank, as Syndication Agent, and Bankers Trust Company, as
Administrative Agent (as amended, restated, modified and/or supplemented from
time to time, the "Credit Agreement"). Pursuant to the provisions of Section
4.04(b)(ii) of the Credit Agreement, the undersigned hereby certifies that it is
not a "bank" as such term is used in Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended.
[NAME OF LENDER]
By ____________________________
Name:
Title:
Date: _______________, ____
155
EXHIBIT [E-1/E-2]
[xxxxxxxx xxxxxxx llp/
XXXXX DAY/GENERAL COUNSEL]
FORM OF OPINION OF COUNSEL
[Initial Borrowing Date]
To the Agents, the Collateral Agent
and each of the Lenders party to the
Credit Agreement referred to below
Ladies and Gentlemen:
We have acted as counsel to Flowers Foods, Inc., a Georgia
corporation (the "Borrower") and each of the Subsidiaries of the Borrower listed
in Annex I hereto (collectively with the Borrower, the "Credit Parties"), in
connection with the execution and delivery of the Credit Agreement, dated as of
March ___ 2001 (the "Credit Agreement"), among the Borrower, the lenders from
time to time party thereto (the "Lenders"), ______________, as Syndication
Agent, ______________, as Documentation Agent, and Bankers Trust Company, as
Administrative Agent (the "Administrative Agent"), and the transactions
contemplated thereby. Unless otherwise indicated, capitalized terms used herein
but not otherwise defined herein shall have the respective meanings set forth in
the Credit Agreement. This opinion is delivered to you pursuant to Section
5.03[(i)] [(ii)] of the Credit Agreement.
In connection with this opinion, we have examined originals or
copies, certified or otherwise identified to our satisfaction, of such documents
as we have deemed necessary or appropriate as a basis for the opinions set forth
herein, including, without limitation, the following (collectively, the
"Documents"): (a) the Credit Documents, (b) the Merger Documents, (c) the
Amended Distributor Note Documents, (d) the Lease Program Documents, (e) the
Smuckers Note, (f) the Existing Debentures Tender Offer Documents and (f) the
Uniform Commercial Code financing statements and the Grants of Security Interest
in U.S. Trademarks described herein. We also have examined such other public,
corporate and limited liability company documents and records as we have deemed
necessary or appropriate in connection with this opinion.
In our examination, we have assumed the genuineness of all
signatures (other than as to the Credit Parties), the authenticity of all
documents submitted to us as originals, the conformity to original documents of
all documents submitted to us as certified or photostatic copies and the
authenticity of the originals of such copies. As to questions of fact not
independently verified by us we have relied, to the extent we have deemed
appropriate, upon representations and certificates of officers of the Credit
Parties, public officials and other appropriate persons.
Based upon the foregoing, we are of the opinion that:
156
Exhibit [E-1/E-2]
Page 2
1. Each Credit Party (i) is a duly organized and validly
existing corporation, limited liability company or partnership, as the case may
be, in good standing under the laws of the jurisdiction of its organization,
(ii) has the corporate or other applicable power and authority, as the case may
be, to own its property and assets and to transact the business in which it is
engaged and presently proposes to engage in and (iii) is duly qualified and is
authorized to do business and is in good standing in each jurisdiction where the
conduct of its business requires such qualifications, except for failures to be
so qualified that, either individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect.
2. Each Credit Party has the corporate or other applicable
power and authority, as the case may be, to execute, deliver and perform the
terms and provisions of each of the Documents to which it is a party and has
taken all necessary corporate or other applicable action, as the case may be, to
authorize the execution, delivery and performance by it of each of such
Documents. Each Credit Party has duly executed and delivered each of the
Documents to which it is a party.
3. Each Document constitutes the legal, valid and binding
obligation of each Credit Party party thereto enforceable in accordance with its
terms, except to the extent that the enforceability thereof may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws generally affecting creditor's rights and by equitable principles
(regardless of whether enforcement is sought in equity or at law).
4. Neither the execution, delivery or performance by any
Credit Party of the Documents to which it is a party (including, without
limitation, the granting of Liens pursuant to the Security Documents), nor
compliance by it with the terms and provisions thereof, nor the consummation of
the transactions contemplated therein, will contravene any provision of any
applicable law, statute, rule or regulation (including, without limitation,
Regulations T, U and X of the Board of Governors of the Federal Reserve System),
or any applicable order, writ, injunction or decree of any court or governmental
instrumentality, (ii) will conflict or be inconsistent with or result in any
breach of, any of the terms, covenants, conditions or provisions of, or
constitute a default under, or result in the creation or imposition of (or the
obligation to create or impose) any Lien (except pursuant to the Security
Documents and Permitted Liens) upon any of the property or assets of any Credit
Party pursuant to the terms of any indenture, mortgage, deed of trust, credit
agreement or loan agreement, or any other material agreement, contract or
instrument to which such Credit Party is a party or by which it or any of its
property or assets is bound or to which it may be subject or (iii) will violate
any provision of the Certificate of Incorporation or By-Laws (or equivalent
organizational documents) of such Credit Party.
5. No order, consent, approval, license, authorization, or
validation of, or filing, recording or registration with (except for those
that have been obtained or made or, in the case of any filings or recordings
in respect of the Security Documents executed on the Initial Borrowing Date,
will be made within 10 days thereof), or exemption by any governmental or
public body or authority, or any subdivision thereof, is required to
authorize, or is required in connection with, (i) the execution, delivery and
performance of any Document or (ii) the legality, validity, binding effect or
enforceability of any Document.
157
Exhibit [E-1/E-2]
Page 3
6. There are no actions, suits or proceedings (private or
governmental) pending or, to the knowledge of the Borrower after due inquiry,
threatened (i) with respect to the Transaction, any Document, any Credit Party
or the transactions contemplated thereby or (ii) that has had or could
reasonably be expected to have a Material Adverse Effect.
7. No Credit Party is an "investment company" or a company
"controlled" by an "investment company," within the meaning of the Investment
Company Act of 1940, as amended.
8. No Credit Party is a "holding company," or a "subsidiary
company" of a "holding company," or an "affiliate" of a "holding company" or of
a "subsidiary company" of a "holding company" within the meaning of the Public
Utility Holding Company Act of 1935, as amended.
9. The Transaction has been consummated in accordance with the
terms of the respective Documents therefor and all applicable laws.
10. Each Credit Party is (i) the record owner of all of the
Stock (as defined in the Pledge Agreement) listed under its name on Annex A to
the Pledge Agreement and (ii) the record owner of all Limited Liability Company
Interests (as defined in the Pledge Agreement) listed under its name in Annex D
to the Pledge Agreement. All such Stock and Limited Liability Company Interests
(if applicable) as the case may be, has been duly authorized and issued, is
fully paid and non-assessable, and is free of preemptive rights.
11. Each of the Pledge Agreement and the Security Agreement
creates a valid and enforceable security interest in favor of the Collateral
Agent in the Collateral described therein.
12. After giving effect to the delivery to the Collateral
Agent of the Certificated Securities and the Pledged Notes (each as defined in
the Pledge Agreement) and assuming the continued possession by the Collateral
Agent of such Pledge Agreement Collateral in the State of New York, the security
interest created in favor of the Collateral Agent under the Pledge Agreement
constitutes a valid and enforceable first perfected security interest in such
Pledge Agreement Collateral (and the proceeds thereof) in favor of the
Collateral Agent for the benefit of the Secured Creditors under the Pledge
Agreement, subject to no other security interest. No filings, registrations or
recordings are required in order to perfect (or maintain the perfection or
priority of) the security interest created under the Pledge Agreement in respect
of such Pledge Agreement Collateral.
13. We have examined the financing statements (the "Financing
Statements") to be filed in the filing offices listed for each Credit Party on
Schedule I attached hereto (the "Filing Offices"), and upon the filing of such
Financing Statements in the Filing Offices, and assuming that the
representations made by each Credit Party in the Security Agreement and the
Pledge Agreement with respect to the location of its Collateral are and remain
true and correct, all filings, registrations and recordings necessary or
appropriate to create, maintain, preserve, protect and perfect the
158
Exhibit [E-1/E-2]
Page 4
security interests granted by each Credit Party to the Collateral Agent under
the Security Agreement and the Pledge Agreement in respect of all such
Collateral thereunder will have been accomplished and the security interests
granted to the Collateral Agent pursuant to the Security Agreement and the
Pledge Agreement in and to such Collateral will constitute a perfected security
interest therein in each case to the extent that such Collateral consists of the
type of property in which a security interest may be perfected by filing a
financing statement under the Uniform Commercial Code (the "UCC") as in effect
in the States of New York, Georgia and those states listed on Schedule II
attached hereto (collectively, the "Relevant States").
14. Assuming that the representation made by each Credit Party
in Section 2.4 of the Security Agreement and in Section 17 of the Pledge
Agreement with respect to the location of its chief executive office is and
remains true and correct, under the law of the State of Georgia and each other
Relevant State, the perfection and priority of the security interests granted by
each Credit Party in its Receivables, Contracts, Contract Rights and General
Intangibles (as each such term is defined in the Security Agreement) and each
Partnership Interest, Limited Liability Company Interest, Distributor's
Agreement[, Distributor Notes Related Collateral] and Contract Rights (as each
such term is defined in the Pledge Agreement) are governed by the laws of the
State in which each Credit Party's chief executive office is located to the
extent that said Receivables, Contracts, Contract Rights (as defined in each of
the Security Agreement and Pledge Agreement), General Intangibles, Partnership
Interests, Limited Liability Company Interests[, Distributor Notes Related
Collateral] and Distributor's Agreements consist of "accounts" or "general
intangibles" as described in the UCC of each Relevant State.
15. We have examined the Assignment of Security Interest in
certain United States Trademarks (the "Assignment of Security Interest") to be
filed in the United States Patent and Trademark Office, and upon the filing of
the Assignment of Security Interest in the United States Patent and Trademark
Office, together with the filing of the Financing Statements in the Filing
Offices, all filings, registrations and recordings necessary or appropriate to
create, maintain, preserve, protect and perfect the security interests granted
by such Credit Party to the Collateral Agent under the Security Agreement with
respect to the United States trademark covered thereby will have been
accomplished.
We are members of the Bar of the State of Georgia and, except
as set forth in the succeeding sentence, we do not hold ourselves out as being
conversant with, and express no opinion as to, the laws of any jurisdiction
other than those of the United States of America, the general corporate law of
the State of Delaware, the limited liability company act of the State of
Delaware and the State of Georgia. To the extent that our opinions set forth in
(i) paragraphs 1, 2 and 3 above are governed by the laws of any jurisdiction
other than those jurisdictions set forth in the immediately preceding sentence,
such opinions are based on our review of the generally available compilations of
the general corporate law of such jurisdictions, and (ii) paragraphs 8, 9 and 10
above are governed by the laws of any jurisdiction other than the State of
Georgia, such opinions are based on our review of the generally available
compilations of the UCC as in effect in the State of the other Relevant States.
159
Exhibit [E-1/E-2]
Page 5
This opinion is being furnished only to the addresses hereof
and is solely for their benefit and the benefit of their participants and
assigns in connection with the above transaction. This opinion may not be relied
upon for any other purpose, or relied upon by any other person, firm or
corporation for any purpose, without our prior written consent.
Very truly yours,
[XXXXXXXX XXXXXXX LLP/XXXXX DAY/
GENERAL COUNSEL]
160
Exhibit F
OFFICERS' CERTIFICATE
I, the undersigned, [Chairman of the Board/President/Vice
President/Chief Financial Officer/Treasurer/Authorized Representative] of [Name
of Credit Party] a [corporation/limited liability company] organized and
existing under the laws of the State of ________ (the "Company"), do hereby
certify on behalf of the Company that:
1. This Certificate is furnished pursuant to Section[s 5.02
and] 5.04(a) of the Credit Agreement, dated as of March 26, 2001, among Flowers
Foods, Inc., the lenders from time to time party thereto, SunTrust Bank, as
Syndication Agent, and Bankers Trust Company, as Administrative Agent (such
Credit Agreement, as in effect on the date of this Certificate, being herein
called the "Credit Agreement"). Unless otherwise defined herein, capitalized
terms used in this Certificate shall have the meanings set forth in the Credit
Agreement.
2. The following named individuals are [elected officers of
the Company, each holds the office of the Company set forth opposite his or her
name and has held such office since _________ __, ____.1] [Authorized
Representatives (pursuant to Exhibit C hereto) of the Company.] The signature
written opposite the name and title of each such [officer] [Authorized
Representative] is his or her genuine signature.
Name2 Office Signature
------------- ----------- ------------
-------------- ----------- -------------
-------------- ----------- -------------
-------------- ----------- -------------
3. Attached hereto as Exhibit A is a certified copy of the
[Articles of Incorporation] [Certificate of Incorporation] [Certificate of
Formation] of the Company, as filed in the Office of the Secretary of State of
the State of ________ on ___________, ____, together with all amendments thereto
adopted through the date hereof.
4. Attached hereto as Exhibit B is a true and correct copy of
the [By-Laws] [Limited Liability Company Agreement] [insert other equivalent
organizational document] of the Company which were duly adopted, are in full
force and effect on the date hereof, and have been in effect since
-------------, ----.
------------------------
1 Insert a date prior to the time of any corporate action relating to the
Credit Documents or related documentation.
2 Include name, office and signature of each officer or Authorized
Representative who will sign any Credit Document, including the officer
who will sign the certification at the end of this Certificate or related
documentation.
161
Exhibit F
Page 2
5. Attached hereto as Exhibit C is a true and correct copy of
resolutions which were duly adopted on __________, ____ [by unanimous written
consent of the [Board of Directors] [Managing Member(s)] of the Company] [by a
meeting of the [Board of Directors] [Managing Member(s)] of the Company at which
a quorum was present and acting throughout], and said resolutions have not been
rescinded, amended or modified. Except as attached hereto as Exhibit C, no
resolutions have been adopted by the [Board of Directors] [Managing Member(s)]
of the Company which deal with the execution, delivery or performance of any of
the Documents to which the Company is party.
[6. On the date hereof, all of the applicable conditions set
forth in Sections 5.06, 5.07, 5.08, 5.13, 5.14, 5.18 and Section 6.01 of the
Credit Agreement have been satisfied.
7. Attached hereto as Exhibit D are true and correct copies of
all Merger Documents.
8. Attached hereto as Exhibit E are true and correct copies of
all Equipment Purchase Documents.
9. Attached hereto as Exhibit F are true and correct copies of
all Existing Debentures Tender Offer Documents.
10. Attached hereto as Exhibit G are true and correct copies
of all Lease Program Documents.
11. Attached hereto as Exhibit H are true and correct copies
of all Employee Benefit Plans.
12. Attached hereto as Exhibit I are true and correct copies
of all Debt Agreements.
13. Attached hereto as Exhibit J are true and correct copies
of all Tax Sharing Agreements.]3
[6.][14.] On the date hereof, the representations and
warranties contained in the Credit Agreement and in the other Credit Documents
are true and correct in all material respects with the same effect as though
such representations and warranties had been made on the date hereof, both
before and after giving effect to the incurrence of Loans on the date hereof and
the application of the proceeds thereof, unless stated to relate to a specific
earlier date, in which case such representations and warranties were true and
correct in all material respects as of such earlier date.
-----------------------------
3 Insert in Officers' Certificate of the Borrower only.
162
Exhibit F
Page 3
[7.][15.] On the date hereof, no Default or Event of Default
has occurred and is continuing or would result from the Borrowing to occur on
the date hereof or from the application of the proceeds thereof.
[8.][16.] There is no proceeding for the dissolution or
liquidation of the Company or threatening its existence.
IN WITNESS WHEREOF, I have hereunto set my hand this ____ day
of ______, ______.
[NAME OF CREDIT PARTY]
By ______________________________
Name:
Title:
163
Exhibit F
Page 4
I, the undersigned, [Secretary/Assistant Secretary/Authorized Representative] of
the Company, do hereby certify on behalf of the Company that:
1. [Name of Person making above certifications] is the duly
elected and qualified [Chairman of the Board/Vice Chairman of the
Board/President/Vice President/Chief Financial Officer/Treasurer/Authorized
Representative] of the Company and the signature above is his or her genuine
signature.
2. The certifications made by [name of Person making above
certifications] on behalf of the Company in Items 2, 3, 4, 5 and [8][16] above
are true and correct.
IN WITNESS WHEREOF, I have hereunto set my hand this ____ day
of ______, ______.
[NAME OF CREDIT PARTY]
By ___________________________
Name:
Title:
164
EXHIBIT G
SUBSIDIARIES GUARANTY
SUBSIDIARIES GUARANTY, dated as of March 26, 2001 (as amended,
restated, modified and/or supplemented from time to time, this "Guaranty"), made
by each of the undersigned guarantors (each a "Guarantor," and together with any
other entity that becomes a guarantor hereunder pursuant to Section 26 hereof,
the "Guarantors"). Except as otherwise defined herein, capitalized terms used
herein and defined in the Credit Agreement (as defined below) shall be used
herein as therein defined.
WITNESSETH:
WHEREAS, Flowers Foods, Inc. (the "Borrower"), the lenders
from time to time party thereto (the "Lenders"), and Bankers Trust Company, as
Administrative Agent (together with any successor administrative agent, the
"Administrative Agent"), have entered into a Credit Agreement, dated as of March
26, 2001 (as amended, restated, modified, and/or supplemented from time to time,
the "Credit Agreement"), providing for the making of Loans to, and the issuance
of Letters of Credit for the account of, the Borrower as contemplated therein
(the Lenders, the Collateral Agent, the Letter of Credit Issuers and the
Administrative Agent are herein called the "Lender Creditors");
WHEREAS, the Borrower may at any time and from time to time
enter into one or more Interest Rate Protection Agreements with one or more
Lenders or any affiliate thereof (each such Lender or affiliate, even if the
respective Lender subsequently ceases to be a Lender under the Credit Agreement
for any reason, together with such Lender's or affiliate's successors and
assigns, if any, collectively, the "Interest Rate Protection Creditors," and
together with the Lender Creditors, the "Secured Creditors");
WHEREAS, each Guarantor is a direct or indirect Subsidiary of
the Borrower;
WHEREAS, it is a condition to the making of Loans to, and the
issuance of Letters of Credit for the account of, the Borrower under the Credit
Agreement that each Guarantor shall have executed and delivered this Guaranty;
and
WHEREAS, each Guarantor will obtain benefits from the
incurrence of Loans to, and the issuance of Letters of Credit for the account
of, the Borrower under the Credit Agreement and the entering into by the
Borrower of Interest Rate Protection Agreements and, accordingly, desires to
execute this Guaranty in order to satisfy the conditions described in the
preceding paragraph;
NOW, THEREFORE, in consideration of the foregoing and other
benefits accruing to each Guarantor, the receipt and sufficiency of which are
hereby acknowledged, each Guarantor hereby makes the following representations
and warranties to the Secured Creditors and hereby covenants and agrees with
each Secured Creditor as follows:
1. Each Guarantor, jointly and severally, irrevocably,
absolutely and unconditionally guarantees: (i) to each Lender Creditor, the full
and prompt payment when due (whether at the stated maturity, by acceleration or
otherwise) of all obligations (including obliga-
165
Exhibit G
Page 2
tions which, but for the automatic stay under Section 362(a) of the Bankruptcy
Code, would become due) and, liabilities (including, without limitation,
indemnities, Fees and interest (including, without limitation, all interest that
accrues after the commencement of any case, proceeding or other action relating
to the bankruptcy, insolvency, reorganization or similar proceeding of any
Pledgor at the rate provided for in the respective documentation, whether or not
a claim for post-petition interest is allowed in any such proceeding) thereon)
owing by the Borrower to the Lender Creditors now existing or hereafter incurred
under, arising out of or in connection with the Credit Agreement and the other
Credit Documents to which the Borrower is at any time a party and the due
performance and compliance by the Borrower with the terms of each such Credit
Document (all such obligations and liabilities under this clause (i) being
herein collectively called the "Credit Document Obligations"); and (ii) to each
Interest Rate Protection Creditor, the full and prompt payment when due (whether
at the stated maturity, by acceleration or otherwise) of all obligations
(including obligations which, but for the automatic stay under Section 362(a) of
the Bankruptcy Code, would become due) and liabilities (including, without
limitation, all interest that accrues after the commencement of any case,
proceeding or other action relating to the bankruptcy, insolvency,
reorganization or similar proceeding of any Pledgor at the rate provided for in
the respective documentation, whether or not a claim for post-petition interest
is allowed in any such proceeding) owing by the Borrower to the Interest Rate
Protection Creditors, now existing or hereafter incurred under, arising out of
or in connection with any Interest Rate Protection Agreement and the due
performance and compliance by the Borrower with the terms of each such Interest
Rate Protection Agreement (all such obligations and liabilities under this
clause (ii) being herein collectively called the "Interest Rate Protection
Obligations", and together with the Credit Document Obligations, the "Guaranteed
Obligations"). Each Guarantor understands, agrees and confirms that the Secured
Creditors may enforce this Guaranty up to the full amount of the Guaranteed
Obligations against such Guarantor without proceeding against any other
Guarantor, the Borrower, against any security for the Guaranteed Obligations, or
under any other guaranty covering all or a portion of the Guaranteed
Obligations.
2. Additionally, each Guarantor, jointly and severally,
unconditionally, absolutely and irrevocably, guarantees the payment of any and
all Guaranteed Obligations whether or not due or payable by the Borrower upon
the occurrence in respect of the Borrower of any of the events specified in
Section 10.05 of the Credit Agreement, and unconditionally and irrevocably,
jointly and severally, promises to pay such Guaranteed Obligations to the
Secured Creditors, or order, on demand, in legal tender of the United States of
America. This Guaranty shall constitute a guaranty of payment, and not of
collection.
3. The liability of each Guarantor hereunder is primary,
absolute and unconditional and is exclusive and independent of any security for
or other guaranty of the indebtedness of the Borrower whether executed by such
Guarantor, any other Guarantor, any other guarantor or by any other party, and
the liability of each Guarantor hereunder shall not be affected or impaired by
any circumstance or occurrence whatsoever, including, without limitation: (a)
any direction as to application of payment by the Borrower or by any other
party, (b) any other continuing or other guaranty, undertaking or maximum
liability of a guarantor or of any other party as to the Guaranteed Obligations,
(c) any payment on or in reduction of any such other guaranty or undertaking,
(d) any dissolution, termination or increase, decrease or change in
166
Exhibit G
Page 3
personnel by the Borrower, (e) any payment made to any Secured Creditor on the
indebtedness which any Secured Creditor repays the Borrower pursuant to court
order in any bankruptcy, reorganization, arrangement, moratorium or other debtor
relief proceeding, and each Guarantor waives any right to the deferral or
modification of its obligations hereunder by reason of any such proceeding, (f)
any action or inaction by the Secured Creditors as contemplated in Section 6
hereof or (g) any invalidity, irregularity or unenforceability of all or any
part of the Guaranteed Obligations or of any security therefor.
4. The obligations of each Guarantor hereunder are
independent of the obligations of any other Guarantor, any other guarantor or
the Borrower, and a separate action or actions may be brought and prosecuted
against each Guarantor whether or not action is brought against any other
Guarantor, any other guarantor or the Borrower and whether or not any other
Guarantor, any other guarantor or the Borrower be joined in any such action or
actions. Each Guarantor waives, to the fullest extent permitted by law, the
benefits of any statute of limitations affecting its liability hereunder or the
enforcement thereof. Any payment by the Borrower or other circumstance which
operates to toll any statute of limitations as to the Borrower shall operate to
toll the statute of limitations as to each Guarantor.
5. Each Guarantor hereby waives notice of acceptance of
this Guaranty and notice of any liability to which it may apply, and waives
promptness, diligence, presentment, demand of payment, protest, notice of
dishonor or nonpayment of any such liabilities, suit or taking of other action
by the Administrative Agent or any other Secured Creditor against, and any other
notice to, any party liable thereon (including such Guarantor, any other
Guarantor, any other guarantor or the Borrower).
6. Any Secured Creditor may at any time and from time to
time without the consent of, or notice to, any Guarantor, without incurring
responsibility to such Guarantor, without impairing or releasing the obligations
of such Guarantor hereunder, upon or without any terms or conditions and in
whole or in part:
(a) change the manner, place or terms of payment of,
and/or change or extend the time of payment of, renew or alter, any of the
Guaranteed Obligations (including any increase or decrease in the rate of
interest thereon), any security therefor, or any liability incurred directly or
indirectly in respect thereof, and the guaranty herein made shall apply to the
Guaranteed Obligations as so changed, extended, renewed or altered;
(b) take and hold security for the payment of the
Guaranteed Obligations and sell, exchange, release, surrender, impair, realize
upon or otherwise deal with in any manner and in any order any property by
whomsoever at any time pledged or mortgaged to secure, or howsoever securing,
the Guaranteed Obligations or any liabilities (including any of those hereunder)
incurred directly or indirectly in respect thereof or hereof, and/or any offset
there against;
(c) exercise or refrain from exercising any rights
against the Borrower, any other Credit Party, any Subsidiary thereof or
otherwise act or refrain from acting;
167
Exhibit G
Page 4
(d) release or substitute any one or more endorsers,
Guarantors, other guarantors, the Borrower or other obligors;
(e) settle or compromise any of the Guaranteed
Obligations, any security therefor or any liability (including any of those
hereunder) incurred directly or indirectly in respect thereof or hereof, and may
subordinate the payment of all or any part thereof to the payment of any
liability (whether due or not) of the Borrower to creditors of the Borrower
other than the Secured Creditors;
(f) apply any sums by whomsoever paid or howsoever
realized to any liability or liabilities of the Borrower to the Secured
Creditors regardless of what liabilities of the Borrower remain unpaid;
(g) consent to or waive any breach of, or any act,
omission or default under, any of the Interest Rate Protection Agreements, the
Credit Documents or any of the instruments or agreements referred to therein, or
otherwise amend, modify or supplement any of the Interest Rate Protection
Agreements, the Credit Documents or any of such other instruments or agreements;
(h) act or fail to act in any manner referred to in this
Guaranty which may deprive such Guarantor of its right to subrogation against
the Borrower to recover full indemnity for any payments made pursuant to this
Guaranty; and/or
(i) take any other action which would, under otherwise
applicable principles of common law, give rise to a legal or equitable discharge
of such Guarantor from its liabilities under this Guaranty.
7. This Guaranty is a continuing one and all liabilities
to which it applies or may apply under the terms hereof shall be conclusively
presumed to have been created in reliance hereon. No failure or delay on the
part of any Secured Creditor in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein expressly specified are cumulative and not
exclusive of any rights or remedies which any Secured Creditor would otherwise
have. No notice to or demand on any Guarantor in any case shall entitle such
Guarantor to any other further notice or demand in similar or other
circumstances or constitute a waiver of the rights of any Secured Creditor to
any other or further action in any circumstances without notice or demand. It is
not necessary for any Secured Creditor to inquire into the capacity or powers of
the Borrower or the officers, directors, partners or agents acting or purporting
to act on its behalf, and any indebtedness made or created in reliance upon the
professed exercise of such powers shall be guaranteed hereunder.
8. Any indebtedness of the Borrower now or hereafter
held by any Guarantor is hereby subordinated to the indebtedness of the Borrower
to the Secured Creditors, and such indebtedness of the Borrower to any
Guarantor, if the Administrative Agent or the Collateral Agent, after the
occurrence and during the continuance of an Event of Default, so requests, shall
be collected, enforced and received by such Guarantor as trustee for the Secured
Creditors and be
168
Exhibit G
Page 5
paid over to the Secured Creditors on account of the indebtedness of the
Borrower to the Secured Creditors, but without affecting or impairing in any
manner the liability of such Guarantor under the other provisions of this
Guaranty. Without limiting the generality of the foregoing, each Guarantor
hereby agrees with the Secured Creditors that it will not exercise any right of
subrogation which it may at any time otherwise have as a result of this Guaranty
(whether contractual, under Section 509 of the Bankruptcy Code or otherwise)
until all Guaranteed Obligations have been irrevocably paid in full in cash.
9. (a) Each Guarantor waives any right (except as shall
be required by applicable law and cannot be waived) to require the Secured
Creditors to: (i) proceed against the Borrower, any other Guarantor, any other
guarantor of the Guaranteed Obligations or any other party; (ii) proceed against
or exhaust any security held from the Borrower, any other Guarantor, any other
guarantor of the Guaranteed Obligations or any other party; or (iii) pursue any
other remedy in the Secured Creditors' power whatsoever. Each Guarantor waives
any defense based on or arising out of any defense of the Borrower, any other
Guarantor, any other guarantor of the Guaranteed Obligations or any other party
other than payment in full of the Guaranteed Obligations, including, without
limitation, any defense based on or arising out of the disability of the
Borrower, any other Guarantor, any other guarantor of the Guaranteed Obligations
or any other party, or the unenforceability of the Guaranteed Obligations or any
part thereof from any cause, or the cessation from any cause of the liability of
the Borrower other than payment in full of the Guaranteed Obligations. The
Secured Creditors may, at their election, foreclose on any security held by the
Administrative Agent, the Collateral Agent or the other Secured Creditors by one
or more judicial or nonjudicial sales, whether or not every aspect of any such
sale is commercially reasonable, or exercise any other right or remedy the
Secured Creditors may have against the Borrower or any other party, or any
security, without affecting or impairing in any way the liability of any
Guarantor hereunder except to the extent the Guaranteed Obligations have been
paid in full in cash. Each Guarantor waives any defense arising out of any such
election by the Secured Creditors, even though such election operates to impair
or extinguish any right of reimbursement or subrogation or other right or remedy
of such Guarantor against the Borrower or any other party or any security.
(b) Each Guarantor waives all presentments, demands for
performance, protests and notices, including, without limitation, notices of
nonperformance, notices of protest, notices of dishonor, notices of acceptance
of this Guaranty, and notices of the existence, creation or incurring of new or
additional indebtedness. Each Guarantor assumes all responsibility for being and
keeping itself informed of the Borrower's financial condition and assets, and of
all other circumstances bearing upon the risk of nonpayment of the Guaranteed
Obligations and the nature, scope and extent of the risks which such Guarantor
assumes and incurs hereunder, and agrees that the Secured Creditors shall have
no duty to advise any Guarantor of information known to them regarding such
circumstances or risks.
10. The Secured Creditors agree that this Guaranty may be
enforced only by the action of the Administrative Agent or the Collateral Agent,
in each case acting upon the instructions of the Required Lenders (or, after the
date on which all Credit Document Obligations have been paid in full, the
holders of at least the majority of the outstanding Interest Rate Protection
Obligations) and that no other Secured Creditors shall have any right
individually to seek to enforce or to enforce this Guaranty or to realize upon
the security to be granted by the
169
Exhibit G
Page 6
Security Documents, it being understood and agreed that such rights and remedies
may be exercised by the Administrative Agent or the Collateral Agent or, after
all the Credit Document Obligations have been paid in full, by the holders of at
least a majority of the outstanding Interest Rate Protection Obligations, as the
case may be, for the benefit of the Secured Creditors upon the terms of this
Guaranty and the Security Documents. The Secured Creditors further agree that
this Guaranty may not be enforced against any director, officer, employee,
partner or stockholder of any Guarantor (except to the extent such partner or
stockholder is also a Guarantor hereunder).
11. In order to induce the Lenders to make Loans to, and
issue Letters of Credit for the account of, the Borrower pursuant to the Credit
Agreement, and in order to induce the Interest Rate Protection Creditors to
execute, deliver and perform the Interest Rate Protection Agreements, each
Guarantor represents, warrants and covenants that:
(a) Such Guarantor (i) is a duly organized and validly
existing corporation, partnership or limited liability company, as the case may
be, in good standing under the laws of the jurisdiction of its organization,
(ii) has the corporate, partnership or limited liability company, power and
authority, as the case may be, to own its property and assets and to transact
the business in which it is engaged and presently proposes to engage and (iii)
is duly qualified and is authorized to do business and is in good standing in
each jurisdiction where the conduct of its business requires such qualification
except for failures to be so qualified which, individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect.
(b) Such Guarantor has the corporate, partnership or
limited liability company, power and authority, as the case may be, to execute,
deliver and perform the terms and provisions of this Guaranty and each other
Document to which it is a party and has taken all necessary corporate,
partnership or limited liability company, action, as the case may be, to
authorize the execution, delivery and performance by it of this Guaranty and
each such other Document. Such Guarantor has duly executed and delivered this
Guaranty and each other Document to which it is a party, and this Guaranty and
each such other Document constitutes the legal, valid and binding obligation of
such Guarantor enforceable in accordance with its terms, except to the extent
that the enforceability hereof or thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
generally affecting creditors' rights and by equitable principles (regardless of
whether enforcement is sought in equity or at law).
(c) Neither the execution, delivery or performance by
such Guarantor of this Guaranty or any other Document to which it is a party,
nor compliance by it with the terms and provisions hereof and thereof, will (i)
contravene any material provision of any applicable law, statute, rule or
regulation or any applicable order, writ, injunction or decree of any court or
governmental instrumentality, (ii) conflict with or result in any breach of any
of the terms, covenants, conditions or provisions of, or constitute a default
under, or result in the creation or imposition of (or the obligation to create
or impose) any Lien (except pursuant to the Security Documents) upon any of the
property or assets of such Guarantor or any of its Subsidiaries pursuant to the
terms of any indenture, mortgage, deed of trust, loan agreement, credit
agreement, or any other material agreement, contract or instrument to which such
Guarantor or any of its Subsidiaries is a party or by which it or any of its
property or assets is bound or to which it may be subject or (iii) violate any
provision of the certificate of incorporation or by-laws (or equivalent
organizational documents) of such Guarantor or any of its Subsidiaries.
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Exhibit G
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(d) No order, consent, approval, license, authorization
or validation of, or filing, recording or registration with (except as have been
obtained or made or, in the case of any filings or recordings in respect of the
Security Documents executed on the Initial Borrowing Date, will be made within
ten (10) days thereof), or exemption by, any governmental or public body or
authority, or any subdivision thereof, is required to authorize, or is required
for, (i) the execution, delivery and performance of this Guaranty by such
Guarantor or any other Document to which such Guarantor is a party or (ii) the
legality, validity, binding effect or enforceability of this Guaranty or any
other Document (in each case consistent with the terms thereof) to which such
Guarantor is a party.
(e) There are no actions, suits or proceedings pending
or, to such Guarantor's knowledge, threatened (i) with respect to this Guaranty
or any other Document to which such Guarantor is a party or (ii) with respect to
such Guarantor that, either individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect.
12. Each Guarantor covenants and agrees that on and after
the Effective Date and until the termination of the Total Commitment, all
Interest Rate Protection Agreements and when no Note or Letter of Credit remains
outstanding and all Guaranteed Obligations have been paid in full, such
Guarantor will comply, and will cause each of its Subsidiaries to comply, with
all of the applicable provisions, covenants and agreements contained in Sections
8 and 9 of the Credit Agreement, and will take, or will refrain from taking, as
the case may be, all actions that are necessary to be taken or not taken so that
it is not in violation of any provision, covenant or agreement contained in
Section 8 or 9 of the Credit Agreement, and so that no Default or Event of
Default, is caused by the actions of such Guarantor or any of its Subsidiaries.
13. The Guarantors hereby jointly and severally agree to
pay all reasonable out-of-pocket costs and expenses of each Secured Creditor in
connection with the enforcement of this Guaranty and of the Administrative Agent
in connection with any amendment, waiver or consent relating hereto (including
in each case, without limitation, the reasonable fees and disbursements of
counsel employed by each Secured Creditor).
14. This Guaranty shall be binding upon each Guarantor
and its successors and assigns and shall inure to the benefit of the Secured
Creditors and their successors and assigns.
15. Neither this Guaranty nor any provision hereof may be
changed, waived, discharged or terminated except with the written consent of
each Guarantor directly affected thereby and with the written consent of either
(x) the Required Lenders (or to the extent required by Section 13.12 of the
Credit Agreement, with the written consent of each Lender) at all times prior to
the time on which all Credit Document Obligations have been paid in full or (y)
the holders of at least a majority of the outstanding Interest Rate Protection
Obligations at all times after the time on which all Credit Document Obligations
have been paid in full; provided, that any change, waiver, modification or
variance affecting the rights and benefits of a single Class (as defined below)
of Secured Creditors (and not all Secured Creditors in a like or similar manner)
shall also require the written consent of the Requisite Creditors (as defined
below) of such Class of Secured Creditors (it being understood that the addition
or release of any Guarantor hereunder shall not constitute a change, waiver,
discharge or termination affecting any Guarantor other than the Guarantor so
added or released). For the purpose of this Guaranty, the term
171
Exhibit G
Page 8
"Class" shall mean each class of Secured Creditors, i.e., whether (x) the Lender
Creditors as holders of the Credit Document Obligations or (y) the Interest Rate
Protection Creditors as the holders of the Interest Rate Protection Obligations.
For the purpose of this Guaranty, the term "Requisite Creditors" of any Class
shall mean (x) with respect to the Credit Document Obligations, the Required
Lender (or to the extent required by Section 13.12 of the Credit Agreement, each
Lender) and (y) with respect to the Interest Rate Protection Obligations, the
holders of at least a majority of all obligations outstanding from time to time
under the Interest Rate Protection Agreements.
16. Each Guarantor acknowledges that an executed (or
conformed) copy of each of the Credit Documents and Interest Rate Protection
Agreements has been made available to its principal executive officers and such
officers are familiar with the contents thereof.
17. In addition to any rights now or hereafter granted
under applicable law (including, without limitation, Section 151 of the New York
Debtor and Secured Creditor Law) and not by way of limitation of any such
rights, upon the occurrence and during the continuance of an Event of Default
(such term to mean and include any "Event of Default" as defined in the Credit
Agreement or any payment default under any Interest Rate Protection Agreement
continuing after any applicable grace period), each Secured Creditor is hereby
authorized, at any time or from time to time, without notice to any Guarantor or
to any other Person, any such notice being expressly waived, to set off and to
appropriate and apply any and all deposits (general or special) and any other
indebtedness at any time held or owing by such Secured Creditor to or for the
credit or the account of such Guarantor, against and on account of the
obligations and liabilities of such Guarantor to such Secured Creditor under
this Guaranty, irrespective of whether or not such Secured Creditor shall have
made any demand hereunder and although said obligations, liabilities, deposits
or claims, or any of them, shall be contingent or unmatured. Notwithstanding
anything to the contrary contained in this Section 17, no Secured Creditor shall
exercise any such right of set-off without the prior consent of the
Administrative Agent or the Required Lenders if, and so long as, the Guaranteed
Obligations shall be secured by any Real Property located in the State of
California, it being understood and agreed, however, that this sentence is for
the sole benefit of the Secured Creditors and may be amended, modified or waived
in any respect by the Required Lenders without the requirement of prior notice
to or consent by any Credit Party and does not constitute a waiver of any rights
against any Credit Party or against any Collateral.
18. All notices, requests, demands or other
communications pursuant hereto shall be sent or delivered by mail, telecopy or
overnight courier service and all such notices and communications shall, when
mailed, telecopied or sent by overnight courier, be effective when deposited in
the mails, delivered to the overnight courier or sent by telecopier, except that
notices and communications to the Administrative Agent or any Guarantor shall
not be effective until received by the Administrative Agent or such Guarantor,
as the case may be. All notices and other communications shall be in writing and
addressed to such party at (i) in the case of any Lender Creditor, as provided
in the Credit Agreement, (ii) in the case of any Guarantor, at c/o Flowers
Foods, Inc. at 0000 Xxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, Attention: Xxxx
Xxxxxxx, Tel. No.: (000) 000-0000, Fax No. (000) 000-0000 and (iii) in the case
of any Interest Rate Protection Creditor, at such address as such Interest Rate
Protection Creditor shall have
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Exhibit G
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specified in writing to the Guarantors; or in any case at such other address as
any of the Persons listed above may hereafter notify the others in writing.
19. If claim is ever made upon any Secured Creditor for
repayment or recovery of any amount or amounts received in payment or on account
of any of the Guaranteed Obligations and any of the aforesaid payees repays all
or part of said amount by reason of (i) any judgment, decree or order of any
court or administrative body having jurisdiction over such payee or any of its
property or (ii) any settlement or compromise of any such claim effected by such
payee with any such claimant (including the Borrower) then and in such event
each Guarantor agrees that any such judgment, decree, order, settlement or
compromise shall be binding upon such Guarantor, notwithstanding any revocation
hereof or other instrument evidencing any liability of the Borrower, and such
Guarantor shall be and remain liable to the aforesaid payees hereunder for the
amount so repaid or recovered to the same extent as if such amount had never
originally been received by any such payee.
20. (a) THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF
THE SECURED CREDITORS AND OF THE UNDERSIGNED HEREUNDER SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. Any legal action
or proceeding with respect to this Guaranty or any other Credit Document to
which any Guarantor is a party may be brought in the courts of the State of New
York or of the United States of America for the Southern District of New York,
in each case which are located in the City of New York, and, by execution and
delivery of this Guaranty, each Guarantor hereby irrevocably accepts for itself
and in respect of its property, generally and unconditionally, the jurisdiction
of the aforesaid courts. Each Guarantor hereby further irrevocably waives any
claim that any such court lacks personal jurisdiction over such Guarantor, and
agrees not to plead or claim in any legal action or proceeding with respect to
this Guaranty or any other Credit Document to which such Guarantor is a party
brought in any of the aforesaid courts that any such court lacks personal
jurisdiction over such Guarantor. Each Guarantor further irrevocably consents to
the service of process out of any of the aforementioned courts in any such
action or proceeding by the mailing of copies thereof by registered or certified
mail, postage prepaid, to such Guarantor at its address set forth opposite its
signature below, such service to become effective 30 days after such mailing.
Each Guarantor hereby irrevocably waives any objection to such service of
process and further irrevocably waives and agrees not to plead or claim in any
action or proceeding commenced hereunder or under any other Credit Document to
which such Guarantor is a party that such service of process was in any way
invalid or ineffective. Nothing herein shall affect the right of any of the
Secured Creditors to serve process in any other manner permitted by law or to
commence legal proceedings or otherwise proceed against each Guarantor in any
other jurisdiction.
(b) Each Guarantor hereby irrevocably waives (to the
fullest extent permitted by applicable law) any objection which it may now or
hereafter have to the laying of venue of any of the aforesaid actions or
proceedings arising out of or in connection with this Guaranty or any other
Credit Document to which such Guarantor is a party brought in the courts
referred to in clause (a) above and hereby further irrevocably waives and agrees
not to plead or claim in any such court that such action or proceeding brought
in any such court has been brought in an inconvenient forum.
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Exhibit G
Page 10
(c) EACH GUARANTOR AND EACH SECURED CREDITOR (BY ITS
ACCEPTANCE OF THE BENEFITS OF THIS GUARANTY) HEREBY IRREVOCABLY WAIVES ALL
RIGHTS TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
OF OR RELATING TO THIS GUARANTY, THE OTHER CREDIT DOCUMENTS TO WHICH SUCH
GUARANTOR IS A PARTY OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
21. In the event that all of the capital stock of one or
more Guarantors is sold or otherwise disposed of or liquidated in compliance
with the requirements of Section 9.02 of the Credit Agreement (or such sale or
other disposition has been approved in writing by the Required Lenders (or all
Lenders if required by Section 13.12 of the Credit Agreement)) and the proceeds
of such sale, disposition or liquidation are applied in accordance with the
provisions of the Credit Agreement, to the extent applicable, such Guarantor
shall upon consummation of such sale or other disposition (except to the extent
that such sale or disposition is to the Borrower or another Subsidiary thereof)
be released from this Guaranty automatically and without further action and this
Guaranty shall, as to each such Guarantor or Guarantors, terminate, and have no
further force or effect (it being understood and agreed that the sale of one or
more Persons that own, directly or indirectly, all of the capital stock of any
Guarantor shall be deemed to be a sale of such Guarantor for the purposes of
this Section 21).
22. At any time a payment in respect of the Guaranteed
Obligations is made under this Guaranty, the right of contribution of each
Guarantor against each other Guarantor shall be determined as provided in the
immediately following sentence, with the right of contribution of each Guarantor
to be revised and restated as of each date on which a payment (a "Relevant
Payment") is made on the Guaranteed Obligations under this Guaranty. At any time
that a Relevant Payment is made by a Guarantor that results in the aggregate
payments made by such Guarantor in respect of the Guaranteed Obligations to and
including the date of the Relevant Payment exceeding such Guarantor's
Contribution Percentage (as defined below) of the aggregate payments made by all
Guarantors in respect of the Guaranteed Obligations to and including the date of
the Relevant Payment (such excess, the "Aggregate Excess Amount"), each such
Guarantor shall have a right of contribution against each other Guarantor who
has made payments in respect of the Guaranteed Obligations to and including the
date of the Relevant Payment in an aggregate amount less than such other
Guarantor's Contribution Percentage of the aggregate payments made to and
including the date of the Relevant Payment by all Guarantors in respect of the
Guaranteed Obligations (the aggregate amount of such deficit, the "Aggregate
Deficit Amount") in an amount equal to (x) a fraction the numerator of which is
the Aggregate Excess Amount of such Guarantor and the denominator of which is
the Aggregate Excess Amount of all Guarantors multiplied by (y) the Aggregate
Deficit Amount of such other Guarantor. A Guarantor's right of contribution
pursuant to the preceding sentences shall arise at the time of each computation,
subject to adjustment to the preceding sentences shall arise at the time of each
computation, subject to adjustment to the proceeding sentences; provided, that
no Guarantor may take any action to enforce such right until the Guaranteed
Obligations have been irrevocably paid in full in cash, it being expressly
recognized and agreed by all parties hereto that any Guarantor's right of
contribution arising pursuant to this Section 22 against any other Guarantor
shall be expressly junior and subordinate to such other Guarantor's obligations
and liabilities in respect of the Guaranteed Obligations and any other
obligations owing under this
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Exhibit G
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Guaranty. As used in this Section 22: (i) each Guarantor's "Contribution
Percentage" shall mean the percentage obtained by dividing (x) the Adjusted Net
Worth (as defined below) of such Guarantor by (y) the aggregate Adjusted Net
Worth of all Guarantors; (ii) the "Adjusted Net Worth" of each Guarantor shall
mean the greater of (x) the Net Worth (as defined below) of such Guarantor and
(y) zero; and (iii) the "Net Worth" of each Guarantor shall mean the amount by
which the fair salable value of such Guarantor's assets on the date of any
Relevant Payment exceeds its existing debts and other liabilities (including
contingent liabilities, but without giving effect to any Guaranteed Obligations
arising under this Guaranty or under any guaranty of the Subordinated Notes) on
such date. All parties hereto recognize and agree that, except for any right of
contribution arising pursuant to this Section 22, each Guarantor who makes any
payment in respect of the Guaranteed Obligations shall have no right of
contribution or subrogation against any other Guarantor in respect of such
payment until all of the Guaranteed Obligations have been irrevocably paid in
full in cash. Each of the Guarantors recognizes and acknowledges that the rights
to contribution arising hereunder shall constitute an asset in favor of the
party entitled to such contribution. In this connection, each Guarantor has the
right to waive its contribution right against any Guarantor to the extent that
after giving effect to such waiver such Guarantor would remain solvent, in the
determination of the Required Lenders.
23. Each Guarantor and each Secured Creditor (by its
acceptance of the benefits of this Guaranty) hereby confirms that it is its
intention that this Guaranty not constitute a fraudulent transfer or conveyance
for purposes of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act of
any similar Federal or state law. To effectuate the foregoing intention, each
Guarantor and each Secured Creditor (by its acceptance of the benefits of this
Guaranty) hereby irrevocably agrees that the Guaranteed Obligations guaranteed
by such Guarantor shall be limited to such amount as will, after giving effect
to such maximum amount and all other (contingent or otherwise) liabilities of
such Guarantor that are relevant under such laws, and after giving effect to any
rights to contribution pursuant to any agreement providing for an equitable
contribution among such Guarantor and other Guarantors, result in the Guaranteed
Obligations of such Guarantor in respect of such maximum amount not constituting
a fraudulent transfer or conveyance.
24. This Guaranty may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A set of counterparts
executed by all the parties hereto shall be lodged with the Guarantors and the
Administrative Agent.
25. All payments made by any Guarantor hereunder will be
made without setoff, counterclaim or other defense and on the same basis as
payments are made by the Borrower under Sections 4.03 and 4.04 of the Credit
Agreement.
26. It is understood and agreed that any Subsidiary of
the Borrower that is required to execute a counterpart of this Guaranty after
the date hereof pursuant to the Credit Agreement shall become a Guarantor
hereunder by executing a counterpart hereof and delivering the same to the
Administrative Agent.
* * *
175
EXHIBIT G
IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to
be executed and delivered as of the date first above written.
FLOWERS BAKERIES BRANDS, INC.
FLOWERS FINANCE, LLC
FLOWERS BAKERIES, LLC
FLOWERS BAKING CO. OF FLORIDA, LLC
FLOWERS BAKING CO. OF MIAMI, LLC
FLOWERS BAKING CO. OF JACKSONVILLE, LLC
FLOWERS BAKING CO. OF BRADENTON, LLC
FLOWERS BAKING CO. OF THOMASVILLE, LLC
FLOWERS BAKING CO. OF VILLA RICA, LLC
FLOWERS BAKING CO. OF OPELIKA, LLC
XXXXXX'X BAKERY, LLC
HOME BAKING COMPANY, LLC
XXXXX BAKERY, LLC
BUNNY BREAD, LLC
FLOWERS BAKING CO. OF BATON ROUGE, LLC
FLOWERS BAKING CO. OF JAMESTOWN, LLC
FRANKLIN BAKING COMPANY, LLC
FLOWERS BAKING CO. OF LYNCHBURG, LLC
FLOWERS BAKING CO. OF NORFOLK, LLC
FLOWERS BAKING CO. OF MORRISTOWN, LLC
XXXXXX'X BAKERY, LLC
FLOWERS BAKING CO. OF WEST VIRGINIA, LLC
THE DONUT HOUSE, LLC
FLOWERS BAKING CO. OF TEXAS, LLC
FLOWERS BAKING CO. OF TYLER, LLC
BUTTERKRUST BAKERY, LLC
EL PASO BAKING CO., LLC
SAN ANTONIO BAKING CO., LLC
AUSTIN BAKING CO., LLC
CORPUS CHRISTI BAKING CO., LLC
FLOWERS BAKING CO. OF TEXARKANA, LLC
HOLSUM BAKING COMPANY, LLC
XXXXXXX BAKING COMPANY, LLC
XXXXXX BAKING COMPANY, LLC
By: /s/ Xxxxxx X. Xxxxx, Xx.
---------------------------------
Title: Authorized Representative
XXXXXX STREET BAKERY, LLC
TABLE PRIDE, LLC
FLOWERS BAKING CO. OF MEMPHIS, LLC
HAMPTON ROADS BAKING COMPANY, LLC
XXX. XXXXX'X BAKERIES, LLC
EUROPEAN BAKERS, LLC
XXXX XXXXX'X BAKERY, LLC
XXX-CO BAKERY, LLC
DANIEL'S HOME BAKERY OF NORTH CAROLINA, LLC
XXX. XXXXX'X BAKERIES SALES SUPPORT GROUP, LLC
XXX. XXXXX'X FOIL COMPANY, LLC
XXX. XXXXX'X BAKERIES FROZEN DISTRIBUTORS, LLC
XXX. XXXXX'X BAKERIES OF PENNSYLVANIA, LLC
FLOWERS SPECIALTY FOODS OF XXXXXXXXXX, LLC
FLOWERS BAKING COMPANY OF FOUNTAIN INN, LLC
FLOWERS FRESH BAKERY DISTRIBUTORS, INC.
XXX. XXXXX'X BAKERY OF LONDON, LLC
XXX. XXXXX'X BRANDS, INC.
XXX. XXXXX'X BAKERY OF STILWELL, LLC
XXX. XXXXX'X BAKERY OF SPARTANBURG, LLC
XXX. XXXXX'X BAKERY OF CROSSVILLE, LLC
XXX. XXXXX'X BAKERY OF SUWANEE, LLC
By: /s/ Xxxxxx X. Xxxxx, Xx.
------------------------------
Title: Authorized Representative
Accepted and Agreed to:
BANKERS TRUST COMPANY,
as Collateral Agent
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------
Title: Vice President
176
EXHIBIT H
PLEDGE AND SECURITY AGREEMENT
PLEDGE AND SECURITY AGREEMENT, dated as of March 26, 2001 (as
amended, restated, modified and/or supplemented from time to time, this
"Agreement"), made by each of the undersigned (each a "Pledgor", and together
with any entity that becomes a party hereto pursuant to Section 25 hereof, the
"Pledgors"), in favor of BANKERS TRUST COMPANY, as Collateral Agent (the
"Pledgee"), for the benefit of the Secured Creditors (as defined below). Except
as otherwise defined herein, terms used herein and defined in the Credit
Agreement (as defined below) shall be used herein as therein defined.
W I T N E S S E T H :
WHEREAS, Flowers Foods, Inc. (the "Borrower"), various lenders
from time to time party thereto (the "Lenders"), SunTrust Bank, as Syndication
Agent (in such capacity, the "Syndication Agent") and Bankers Trust Company, as
Administrative Agent (in such capacity, and together with any successor
administrative agent, the "Administrative Agent" and, together with the Pledgee,
the Syndication Agent, the Lenders, each Issuing Lender and their respective
successors and assigns, the "Lender Creditors"), have entered into a Credit
Agreement, dated as of March 26, 2001, providing for the making of Loans to the
Borrower and the issuance of, and participation in, Letters of Credit for the
account of the Borrower, all as contemplated therein (as used herein, the term
"Credit Agreement" means the Credit Agreement described above in this paragraph,
as the same may be amended, modified, extended, renewed, restated or
supplemented from time to time);
WHEREAS, the Borrower may from time to time be party to (or
guaranty the obligations of one or more of its Subsidiaries under) one or more
Interest Rate Protection Agreements with one or more Lender Creditors or an
affiliate of a Lender Creditor (each such Lender Creditor or affiliate, even if
the respective Lender Creditor subsequently ceases to be a Lender under the
Credit Agreement for any reason, together with such Lender Creditor's or
affiliate's successors and assigns, collectively, the "Interest Rate Protection
Creditors" and, together with the Lender Creditors, the "Secured Creditors");
WHEREAS, pursuant to the Subsidiaries Guaranty, the Subsidiary
Guarantors have jointly and severally guaranteed to the Lender Creditors and the
Interest Rate Protection Creditors the payment when due of all obligations and
liabilities of the Borrower under or with respect to (x) the Credit Documents
(as used herein, the term "Credit Documents" shall have the meaning provided in
the Credit Agreement and shall include any documentation executed and delivered
in connection with any replacement or refinancing of the Credit Agreement) and
(y) each Interest Rate Protection Agreement with one or more Interest Rate
Protection Creditors;
WHEREAS, it is a condition precedent to the extensions of
credit under the Credit Agreement that each Pledgor shall have executed and
delivered to the Pledgee this Agreement; and
177
WHEREAS, each Pledgor desires to execute this Agreement to
satisfy the conditions described in the immediately preceding paragraph;
NOW, THEREFORE, in consideration of the benefits accruing to
each Pledgor, the receipt and sufficiency of which are hereby acknowledged, each
Pledgor hereby makes the following representations and warranties to the Pledgee
and hereby covenants and agrees with the Pledgee as follows:
1. SECURITY FOR OBLIGATIONS; CERTAIN EXCLUDED OBLIGATIONS.
Subject to the provisions of clause (b) of this Section 1, this Agreement is
made by each Pledgor for the benefit of the Secured Creditors to secure:
(i) the full and prompt payment when due (whether at the
stated maturity, by acceleration or otherwise) of all obligations
(including obligations which, but for the automatic stay under Section
362(a) of the Bankruptcy Code, would become due) and liabilities
(including, without limitation, indemnities, Fees and interest
(including, without limitation, all interest that accrues after the
commencement of any case, proceeding or other action relating to the
bankruptcy, insolvency, reorganization or similar proceeding of any
Pledgor at the rate provided for in the respective documentation,
whether or not a claim for post-petition interest is allowed in any
such proceeding) thereon) owing by such Pledgor to the Lender
Creditors, now existing or hereafter incurred under, arising out of or
in connection with the Credit Agreement and the other Credit Documents
to which it is at any time a party (including, without limitation, all
such obligations and liabilities of such Pledgor under the Subsidiaries
Guaranty) and the due performance and compliance by such Pledgor with
the terms of each such Credit Document (all such obligations and
liabilities under this clause (i) being herein collectively called the
"Credit Document Obligations");
(ii) the full and prompt payment when due (whether at the
stated maturity, by acceleration or otherwise) of all obligations
(including obligations which, but for the automatic stay under Section
362(a) of the Bankruptcy Code, would become due) and liabilities
(including, without limitation, all interest that accrues after the
commencement of any case, proceeding or other action relating to the
bankruptcy, insolvency, reorganization or similar proceeding of any
Pledgor at the rate provided for in the respective documentation,
whether or not a claim for post-petition interest is allowed in any
such proceeding) owing by such Pledgor to the Interest Rate Protection
Creditors, now existing or hereafter incurred under, arising out of or
in connection with any Interest Rate Protection Agreement (including,
without limitation, all such obligations and liabilities of such
Pledgor under the Subsidiaries Guaranty) and the due performance and
compliance by such Pledgor with the terms of each such Interest Rate
Protection Agreement (all such obligations and liabilities under this
clause (ii) being herein collectively called the "Interest Rate
Protection Obligations");
(iii) any and all sums advanced by the Pledgee in order to
preserve the Collateral (as hereinafter defined) or preserve its
security interest in the Collateral;
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(iv) in the event of any proceeding for the collection or
enforcement of any indebtedness, obligations, or liabilities referred
to in clauses (i) through (iii) above, following the occurrence and
during the continuation of an Event of Default, the reasonable expenses
of retaking, holding, preparing for sale or lease, selling or otherwise
disposing of or realizing on the Collateral, or of any exercise by the
Pledgee of its rights hereunder, together with reasonable attorneys'
fees and court costs; and
(v) all amounts paid by any Secured Creditor as to which such
Secured Creditor has the right to reimbursement under Section 11 of
this Agreement;
all such obligations, liabilities, sums and expenses set forth in clauses (i)
through (v) of this Section 1 being herein collectively called the
"Obligations," it being acknowledged and agreed that the "Obligations" shall
include extensions of credit of the type described above, whether outstanding on
the date of this Agreement or extended from time to time after the date of this
Agreement.
2. DEFINITIONS. (a) Unless otherwise defined herein, all
capitalized terms used herein and defined in the Credit Agreement shall be used
herein as therein defined. Reference to singular terms shall include the plural
and vice versa.
(b) The following capitalized terms used herein shall have the
definitions specified below:
"Administrative Agent" has the meaning set forth in the
Recitals hereto.
"Adverse Claim" has the meaning given such term in Section
8-102(a)(1) of the UCC.
"Agreement" has the meaning set forth in the first paragraph
hereof.
"Borrower" shall have the meaning set forth in the Recitals
hereto.
"Certificated Security" has the meaning given such term in
Section 8-102(a)(4) of the UCC.
"Clearing Corporation" has the meaning given such term in
Section 8-102(a)(5) of the UCC.
"Collateral" has the meaning set forth in Section 3.1 hereof.
"Collateral Accounts" means any and all investment or deposit
accounts established and maintained by the Pledgee in the name of any Pledgor to
which Collateral may be credited.
"Contract Rights" shall mean all rights of any Pledgor under
each Distributor's Agreement, including, without limitation, (i) any and all
rights to receive and demand payments under any or all such Distributor's
Agreements, (ii) any and all rights to receive and compel
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performance under any or all Distributor's Agreements and (iii) any and all
rights, interests and claims now existing or in the future arising in connection
with any or all Distributor's Agreements.
"Credit Agreement" has the meaning set forth in the Recitals
hereto.
"Credit Document Obligations" has the meaning set forth in
Section 1 hereof.
"Distributor" means a Person or Persons (other than the
Borrower and its Subsidiaries) party to a Distributor's Agreement pursuant to
which such Person or Persons agree to distribute the Borrower's and its
Subsidiaries' products in a specified geographic area.
"Distributor Loans" shall mean any loan advanced to one or
more Distributors by the Borrower or any of its Subsidiaries or otherwise
payable to the Borrower or any its Subsidiaries regardless of whether the
Borrower or such Subsidiary originally advanced such loan.
"Distributor Notes" shall mean any promissory note executed by
a Distributor and evidencing Distributor Loans.
"Distributor's Agreements" means the contractual arrangements
between the Borrower or any of its Subsidiaries with their respective
distributors, whereby such distributors agree to distribute the Borrower's and
its Subsidiaries' products in a specified geographic area and the Borrower
and/or its Subsidiaries agree to provide such distributors with products and
other services, including certain proprietary administrative services.
"Documentation Agent" has the meaning set forth in the
Recitals hereto.
"Domestic Corporation" has the meaning set forth in the
definition of "Stock."
"Event of Default" means any "Event of Default" at any time
under, and as defined in, the Credit Agreement.
"Financial Asset" has the meaning given such term in Section
8-102(a)(9) of the UCC.
"Foreign Corporation" has the meaning set forth in the
definition of "Stock."
"Indemnitees" has the meaning set forth in Section 11 hereof.
"Instrument" has the meaning given such term in Section
9-105(1)(i) of the UCC.
"Interest Rate Protection Creditors" has the meaning set forth
in the Recitals hereto.
"Interest Rate Protection Obligations" has the meaning set
forth in Section 1 hereof.
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"Investment Property" has the meaning given such term in
Section 9-115(f) of the UCC.
"Lender Creditors" has the meaning set forth in the Recitals
hereto.
"Lenders" has the meaning set forth in the Recitals hereto.
"Limited Liability Company Assets" means all assets, whether
tangible or intangible and whether real, personal or mixed (including, without
limitation, all limited liability company capital and interest in other limited
liability companies), at any time owned or represented by any Limited Liability
Company Interest.
"Limited Liability Company Interests" means the entire limited
liability company membership interest at any time owned by any Pledgor in any
limited liability company.
"Non-Voting Stock" means all capital stock which is not Voting
Stock.
"Notes" means (x) all Distributor Notes at any time owned or
acquired by any Pledgor and (y) all other promissory notes from time to time
issued to, or held by, any Pledgor.
"Obligations" has the meaning set forth in Section 1 hereof.
"Partnership Assets" means all assets, whether tangible or
intangible and whether real, personal or mixed (including, without limitation,
all partnership capital and interest in other partnerships), at any time owned
or represented by any Partnership Interest.
"Partnership Interest" means the entire general partnership
interest or limited partnership interest at any time owned by any Pledgor in any
general partnership or limited partnership.
"Pledged Notes" has the meaning set forth in Section 3.5
hereof.
"Pledgee" has the meaning set forth in the first paragraph
hereof.
"Pledgor" has the meaning set forth in the first paragraph
hereof.
"Proceeds" has the meaning given such term in Section 9-306(l)
of the UCC.
"Representative" has the meaning set forth in Section 9(e)
hereof.
"Required Lenders" has the meaning given such term in the
Credit Agreement.
"Required Secured Creditors" shall mean (i) the Required
Lenders (or, to the extent required by Section 13.12 of the Credit Agreement,
each of the Lenders) under the Credit Agreement so long as any Credit Document
Obligations remain outstanding and (ii) in any situation not covered by the
preceding clause (i), the holders of a majority of the outstanding principal
amount of the Interest Rate Protection Obligations.
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"Requisite Creditors" has the meaning set forth in Section 22
hereof.
"Secured Creditors" has the meaning set forth in the Recitals
hereto.
"Secured Debt Agreements" has the meaning set forth in Section
5 hereof.
"Securities Account" has the meaning given such term in
Section 8-501(a) of the UCC.
"Securities Act" means the Securities Act of 1933,
as amended, as in effect from time to time.
"Security" and "Securities" has the meaning given such term in
Section 8-102(a)(15) of the UCC, and shall in any event include all Stock and
Notes (whether or not same constitute "Securities" under Section 8-102(a)(15)).
"Security Entitlement" has the meaning given such term in
Section 8-102(a)(17) of the UCC.
"Stock" means (x) with respect to corporations incorporated
under the laws of the United States or any State or territory thereof (each a
"Domestic Corporation"), all of the issued and outstanding shares of capital
stock of any corporation at any time owned by any Pledgor of any Domestic
Corporation and (y) with respect to corporations not Domestic Corporations (each
a "Foreign Corporation"), all of the issued and outstanding shares of capital
stock at any time owned by any Pledgor of any Foreign Corporation.
"Syndication Agent" has the meaning set forth in the Recitals
hereto.
"Termination Date" has the meaning set forth in Section 20
hereof.
"UCC" means the Uniform Commercial Code as in effect in the
State of New York from time to time; provided that all references herein to
specific sections or subsections of the UCC are references to such sections or
subsections, as the case may be, of the Uniform Commercial Code as in effect in
the State of New York on the date hereof.
"Uncertificated Security" has the meaning given such term in
Section 8-102(a)(18) of the UCC.
"Voting Stock" means all classes of capital stock of any
Foreign Corporation entitled to vote.
3. PLEDGE OF SECURITIES, ETC.
3.1 Pledge. To secure the Obligations now or hereafter owed or
to be performed by such Pledgor, each Pledgor does hereby grant, pledge and
assign to the Pledgee for the benefit of the Secured Creditors, and does hereby
create a continuing security interest in favor of the Pledgee for the benefit of
the Secured Creditors in, all of the right, title and interest in and to the
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following, whether now existing or hereafter from time to time acquired
(collectively, the "Collateral"):
(a) each of the Collateral Accounts, including any and
all assets of whatever type or kind deposited by such Pledgor in such
Collateral Account, whether now owned or hereafter acquired, existing
or arising, including, without limitation, all Financial Assets,
Investment Property, monies, checks, drafts, Instruments, Securities or
interests therein of any type or nature deposited or required by the
Credit Agreement or any other Secured Debt Agreement to be deposited in
such Collateral Account, and all investments and all certificates and
other Instruments (including depository receipts, if any) from time to
time representing or evidencing the same, and all dividends, interest,
distributions, cash and other property from time to time received,
receivable or otherwise distributed in respect of or in exchange for
any or all of the foregoing;
(b) all Securities of such Pledgor from time to time,
including, without limitation, all Distributor Notes;
(c) all Limited Liability Company Interests of such
Pledgor from time to time and all of its right, title and interest in
each limited liability company to which each such interest relates,
whether now existing or hereafter acquired, including, without
limitation:
(A) all the capital thereof and its interest in
all profits, losses, Limited Liability Company Assets and
other distributions to which such Pledgor shall at any time be
entitled in respect of such Limited Liability Company
Interests;
(B) all other payments due or to become due to
such Pledgor in respect of Limited Liability Company
Interests, whether under any limited liability company
agreement or otherwise, whether as contractual obligations,
damages, insurance proceeds or otherwise;
(C) all of its claims, rights, powers,
privileges, authority, options, security interests, liens and
remedies, if any, under any limited liability company
agreement or operating agreement, or at law or otherwise in
respect of such Limited Liability Company Interests;
(D) all present and future claims, if any, of
such Pledgor against any such limited liability company for
monies loaned or advanced, for services rendered or otherwise;
(E) all of such Pledgor's rights under any
limited liability company agreement or operating agreement or
at law to exercise and enforce every right, power, remedy,
authority, option and privilege of such Pledgor relating to
such Limited Liability Company Interests, including any power
to terminate, cancel or modify any limited liability company
agreement or operating agreement, to execute any instruments
and to take any and all other action on behalf of and in the
name of such Pledgor in respect of such Limited Liability
Company Interests
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and any such limited liability company, to make
determinations, to exercise any election (including, but not
limited to, election of remedies) or option or to give or
receive any notice, consent, amendment, waiver or approval,
together with full power and authority to demand, receive,
enforce, collect or receipt for any of the foregoing or for
any Limited Liability Company Asset, to enforce or execute any
checks, or other instruments or orders, to file any claims and
to take any action in connection with any of the foregoing;
and
(F) all other property hereafter delivered in
substitution for or in addition to any of the foregoing, all
certificates and instruments representing or evidencing such
other property and all cash, securities, interest, dividends,
rights and other property at any time and from time to time
received, receivable or otherwise distributed in respect of or
in exchange for any or all thereof;
(d) all Partnership Interests of such Pledgor from time
to time and all of its right, title and interest in each partnership to
which each such interest relates, whether now existing or hereafter
acquired, including, without limitation:
(A) all the capital thereof and its interest in
all profits, losses, Partnership Assets and other
distributions to which such Pledgor shall at any time be
entitled in respect of such Partnership Interests;
(B) all other payments due or to become due to
such Pledgor in respect of Partnership Interests, whether
under any partnership agreement or otherwise, whether as
contractual obligations, damages, insurance proceeds or
otherwise;
(C) all of its claims, rights, powers,
privileges, authority, options, security interests, liens and
remedies, if any, under any partnership agreement or operating
agreement, or at law or otherwise in respect of such
Partnership Interests;
(D) all present and future claims, if any, of
such Pledgor against any such partnership for monies loaned or
advanced, for services rendered or otherwise;
(E) all of such Pledgor's rights under any
partnership agreement or operating agreement or at law to
exercise and enforce every right, power, remedy, authority,
option and privilege of such Pledgor relating to such
Partnership Interests, including any power to terminate,
cancel or modify any partnership agreement or operating
agreement, to execute any instruments and to take any and all
other action on behalf of and in the name of such Pledgor in
respect of such Partnership Interests and any such
partnership, to make determinations, to exercise any election
(including, but not limited to, election of remedies) or
option or to give or receive any notice, consent, amendment,
waiver or approval, together with full power and authority to
demand, receive, enforce, collect or receipt for any of the
foregoing or for any Partnership Asset, to enforce or execute
any
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checks, or other instruments or orders, to file any claims and
to take any action in connection with any of the foregoing;
and
(F) all other property hereafter delivered in
substitution for or in addition to any of the foregoing, all
certificates and instruments representing or evidencing such
other property and all cash, securities, interest, dividends,
rights and other property at any time and from time to time
received, receivable or otherwise distributed in respect of or
in exchange for any or all thereof;
(e) all Security Entitlements of such Pledgor from time
to time in any and all of the foregoing;
(f) all Financial Assets and Investment Property of such
Pledgor from time to time;
(g) all of such Pledgor's right, title and interest in,
to and under the Distributor Notes and the Distributor's Agreements,
together with all accessions thereto, all rights to payments
thereunder, and all substitutions and replacements therefor; and
(h) all Proceeds and products of any and all of the
foregoing.
Notwithstanding anything to the contrary contained in this
Section 3.1, (i) no Pledgor (to the extent that it is a Borrower or a Domestic
Subsidiary of a Borrower) shall be required at any time to pledge hereunder more
than 65% of the Voting Stock of any Foreign Corporation although each Pledgor
shall be required to pledge hereunder 100% of any Non-Voting Stock at any time
and from time to time acquired by such Pledgor of any Foreign Corporation and
(ii) no Pledgor shall be required to pledge hereunder any Stock held by such
Pledgor of Quality Bakers of America, Inc. so long as (x) such Pledgor is
prohibited from pledging such Stock pursuant to the terms of the organizational
documents of Quality Bakers of America, Inc. or any shareholders' agreement
applicable to such Stock and (y) the Borrower and its Subsidiaries taken as a
whole do not constitute the controlling shareholders of Quality Bakers of
America, Inc.
3.2 Procedures. (a) To the extent that any Pledgor at any time
or from time to time owns, acquires or obtains any right, title or interest in
any Collateral, such Collateral shall automatically (and without the taking of
any action by the respective Pledgor) be pledged, and a security interest
therein shall be granted, pursuant to Section 3.1 of this Agreement and, in
addition thereto, such Pledgor shall (to the extent provided below) take the
following actions as set forth below (as promptly as practicable and, in any
event, within 10 days after it obtains such Collateral) for the benefit of the
Pledgee and the Secured Creditors:
(i) with respect to a Certificated Security (other than
a Certificated Security credited on the books of a Clearing
Corporation), the respective Pledgor shall physically deliver such
Certificated Security to the Pledgee, indorsed to the Pledgee or
indorsed in blank;
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(ii) with respect to an Uncertificated Security (other
than an Uncertificated Security credited on the books of a Clearing
Corporation), the respective Pledgor shall cause the issuer of such
Uncertificated Security (or, if such issuer is not a Subsidiary of the
Pledgor, the respective Pledgor shall use commercially reasonable
efforts to cause the issuer of such Uncertificated Security) to duly
authorize and execute, and deliver to the Pledgee, an agreement for the
benefit of the Pledgee and the Secured Creditors substantially in the
form of Annex I hereto (appropriately completed to the satisfaction of
the Pledgee and with such modifications, if any, as shall be
satisfactory to the Pledgee) pursuant to which such issuer agrees to
comply with any and all instructions originated by the Pledgee without
further consent by the registered owner and not to comply with
instructions regarding such Uncertificated Security (and any
Partnership Interests and Limited Liability Company Interests issued by
such issuer) originated by any other Person other than a court of
competent jurisdiction;
(iii) with respect to a Certificated Security,
Uncertificated Security, Partnership Interest or Limited Liability
Company Interest credited on the books of a Clearing Corporation
(including a Federal Reserve Bank, Participants Trust Company or The
Depository Trust Company), the respective Pledgor shall promptly notify
the Pledgee thereof and shall promptly take all actions required (i) to
comply with the applicable rules of such Clearing Corporation and (ii)
to perfect the security interest of the Pledgee under applicable law
(including, in any event, under Sections 9-115 (4)(a) and (b), 9-115
(1)(e) and 8-106 (d) of the UCC), subject, in the case of Certificated
Securities, Uncertificated Securities, Partnership Interests and
Limited Liability Company Interests in each case of non-Subsidiary
issuers, to receipt of any necessary consents of third parties (which
consents each respective Pledgor agrees to use commercially reasonable
efforts to obtain). The Pledgor further agrees to take such actions as
the Pledgee deems necessary or desirable to effect the foregoing;
(iv) with respect to a Partnership Interest or a Limited
Liability Company Interest (other than a Partnership Interest or
Limited Liability Company Interest credited on the books of a Clearing
Corporation), (1) if such Partnership Interest or Limited Liability
Company Interest is represented by a certificate, the procedure set
forth in Section 3.2(a)(i) hereof, and (2) if such Partnership Interest
or Limited Liability Company Interest is not represented by a
certificate, the procedure set forth in Section 3.2(a)(ii) hereof;
(v) with respect to (x) any Note, other than the
Distributor Notes, physical delivery of such Note to the Pledgee,
indorsed to the Pledgee or indorsed in blank and (y) any Distributor
Note (A) to the extent a sub-collateral agent has been appointed by the
Pledgee to hold such Distributor Notes for the benefit of the Secured
Creditors pursuant to Section 4 hereof, physical delivery of such
Distributor Notes to such sub-collateral agent, endorsed to the Pledgee
or such sub-collateral agent or endorsed in blank and (B) to the extent
no sub-collateral agent has been appointed by the Pledgee to hold the
Distributor Notes for the benefit of the Secured Creditors pursuant to
Section 4 hereof, the applicable Pledgee or Pledgees shall retain
possession of such Distributor Notes in a
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single location, in each case endorsed to the Pledgee, and each such
Pledgor agrees that in such event it shall hold, as agent for the
Secured Creditors, all such Distributor Notes and shall xxxx its
records to clearly reflect that such Distributor Notes so held by each
such Pledgor constitute Collateral pledged pursuant to this Agreement,
and each such Pledgor further agrees that it shall, upon request of the
Administrative Agent, the Pledgee or the Required Lenders, forthwith
deliver all such Distributor Notes then held by such Pledgor to the
Pledgee or its designee (including any sub-collateral agent appointed
by the Pledgee in accordance with Section 4 hereof); and
(vi) with respect to cash not released to such Pledgor
pursuant to Section 6, (i) establishment by the Pledgee of a cash
account in the name of such Pledgor over which the Pledgee shall have
exclusive and absolute control and dominion (and no withdrawals or
transfers may be made therefrom by any Person except with the prior
written consent of the Pledgee) and (ii) deposit of such cash in such
cash account.
(b) In addition to the actions required to be taken
pursuant to preceding Section 3.2(a) hereof, each Pledgor shall take the
following additional actions with respect to the Securities and Collateral:
(i) with respect to all Collateral of such Pledgor of
which the Pledgee may obtain "control" within the meaning of Section
8-106 of the UCC (or under any provision of the UCC as same may be
amended or supplemented from time to time, or under the laws of any
relevant State other than the State of New York) other than Cash
Equivalents not required to be deposited in a Collateral Account or
otherwise deposited with the Collateral Agent or its designee as cash
collateral in accordance with the Credit Agreement, the respective
Pledgor shall take all actions as may be requested from time to time by
the Pledgee so that "control" of such Collateral is obtained and at all
times held by the Pledgee; and
(ii) each Pledgor shall from time to time cause
appropriate financing statements (on Form UCC-1 or other appropriate
form) under the Uniform Commercial Code as in effect in the various
relevant States, in form reasonably satisfactory to the Pledgee and
covering all Collateral hereunder, to be filed in the relevant filing
offices so that at all times the Pledgee has a security interest in all
Collateral which is perfected by the filing of such financing
statements (in each case to the maximum extent perfection by filing may
be obtained under the laws of the relevant States, including, without
limitation, Section 9-115(4)(b) of the UCC).
(c) In addition to the actions required to be taken
pursuant to preceding Sections 3.2(a) and (b) hereof, each Pledgor shall take
the following additional actions with respect to the Collateral described above
in Section 3.1(g):
(i) Each Pledgor will keep and maintain at its own cost
and expense records of its Distributor's Agreements that are accurate
in all material respects, including, but not limited to, original
counterparts of all documentation with respect thereto, records of all
payments received, all credits granted thereon, all merchandise
returned and all other
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dealings therewith, and such Pledgor will make the same available on
such Pledgor's premises to the Collateral Agent for inspection, at such
Pledgor's own cost and expense, at any and all reasonable times during
normal business hours upon prior written notice to such Pledgor. Upon
the occurrence and during the continuance of an Event of Default and if
the Collateral Agent so directs, such Pledgor shall legend, in form and
manner satisfactory to the Collateral Agent, the Distributor's
Agreements, as well as books, records and documents (if any) of such
Pledgor evidencing or pertaining to such Distributor's Agreement with
an appropriate reference to the fact that such Distributor's Agreements
have been assigned to the Collateral Agent and that the Collateral
Agent has a security interest therein.
(ii) Upon the occurrence and during the continuance of an
Event of Default, if the Collateral Agent so directs any Pledgor, such
Pledgor agrees (x) to cause all payments on account of the
Distributor's Agreements to be made directly to the Cash Collateral
Account, (y) that the Collateral Agent may, at its option, directly
notify the obligors with respect to any Distributor's Agreements to
make payments with respect thereto as provided in the preceding clause
(x), and (z) that the Collateral Agent may enforce collection of any
such Distributor's Agreements and may adjust, settle or compromise the
amount of payment thereunder, in the same manner and to the same extent
as such Pledgor. Without notice to or assent by any Pledgor, the
Collateral Agent may apply any or all amounts then in, or thereafter
deposited in, the Cash Collateral Account which application shall be
effected in the manner provided in Section 9 of this Agreement. The
costs and expenses (including reasonable attorneys' fees) of
collection, whether incurred by a Pledgor or the Collateral Agent,
shall be borne by the relevant Pledgor. The Collateral Agent shall
deliver a copy of each notice referred to in the preceding clause (y)
to the relevant Pledgor, provided, that the failure by the Collateral
Agent to so notify such Pledgor shall not affect the effectiveness of
such notice or the other rights of the Collateral Agent created by this
Section 3.2(c).
(iii) Except in accordance with such Pledgor's ordinary
course of business and consistent with reasonable business judgment, no
Pledgor shall rescind or cancel any indebtedness evidenced by any
Distributor's Agreements, or modify any term thereof or make any
adjustment with respect thereto, or extend or renew the same, or
compromise or settle any material dispute, claim, suit or legal
proceeding relating thereto, or sell any Distributor's Agreements, or
interest therein, without the prior written consent of the Collateral
Agent. No Pledgor will do anything to impair the rights of the
Collateral Agent in the Distributor's Agreements.
(iv) Each Pledgor shall endeavor in accordance with
reasonable business practices to cause to be collected from the obligor
under any Distributor's Agreements, as and when due (including, without
limitation, amounts which are delinquent, such amounts to be collected
in accordance with generally accepted lawful collection procedures) any
and all amounts owing under or on account of such Distributor's
Agreements, and apply forthwith upon receipt thereof all such amounts
as are so collected to the outstanding balance of such Distributor's
Agreements. Except as otherwise
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directed by the Collateral Agent after the occurrence and during the
continuation of an Event of Default, any Pledgor may allow in the
ordinary course of business as adjustments to amounts owing under its
Distributor's Agreements (i) an extension or renewal of the time or
times of payment, or settlement for less than the total unpaid balance,
which such Pledgor finds appropriate in accordance with reasonable
business judgment and (ii) a refund or credit due as a result of
returned or damaged merchandise or improperly performed services or for
other reasons which such Pledgor finds appropriate in accordance with
reasonable business judgment. The reasonable costs and expenses
(including, without limitation, reasonable attorneys' fees) of
collection, whether incurred by a Pledgor or the Collateral Agent,
shall be borne by the relevant Pledgor.
(v) If any Pledgor owns or acquires any Instrument
constituting Collateral (other than checks and other payment
instruments received and collected in the ordinary course of business)
in respect of any Distributor's Agreement, such Pledgor will within 10
Business Days thereof, take such action as is required by Section
3.2(a)(v) hereof.
(vi) Anything herein to the contrary notwithstanding, the
Pledgors shall remain liable under each of the Distributor's Agreements
to observe and perform all of the conditions and obligations to be
observed and performed by them thereunder, all in accordance with and
pursuant to the terms and provisions of each Distributor's Agreement.
Neither the Collateral Agent (or any sub-collateral agent appointed by
the Pledgee pursuant to Section 4 hereof) nor any other Secured
Creditor shall have any obligation or liability under any Distributor's
Agreement by reason of or arising out of this Agreement or the receipt
by the Collateral Agent (or any sub-collateral agent appointed by the
Pledgee pursuant to Section 4 hereof) or any other Secured Creditor of
any payment relating to such contract pursuant hereto, nor shall the
Collateral Agent (or any sub-collateral agent appointed by the Pledgee
pursuant to Section 4 hereof) or any other Secured Creditor be
obligated in any manner to perform any of the obligations of any
Pledgor under or pursuant to any Distributor's Agreement, to make any
payment, to make any inquiry as to the nature or the sufficiency of any
performance by any party under any Distributor's Agreement, to present
or file any claim, to take any action to enforce any performance or to
collect the payment of any amounts which may have been assigned to them
or to which they may be entitled at any time or times.
3.3. Subsequently Acquired Collateral. If any Pledgor shall
acquire (by purchase, stock dividend or otherwise) any additional Collateral at
any time or from time to time after the date hereof, such Collateral shall
automatically (and without any further action being required to be taken) be
subject to the pledge and security interests created pursuant to Section 3.1
hereof and, furthermore, the Pledgor will promptly thereafter take (or cause to
be taken) all action with respect to such Collateral in accordance with the
procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver
to the Pledgee (i) a certificate executed by a principal executive officer of
such Pledgor describing such Collateral and certifying that the same has been
duly pledged in favor of, and assigned to, the Pledgee (for the benefit of the
Secured Creditors) hereunder and (ii) supplements to Annexes A through G hereto
as are necessary to cause such annexes to be complete and accurate at such time,
provided that, unless the Administrative
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Agent, the Pledgee (or any sub-collateral agent appointed by the Pledgee
pursuant to Section 4 hereof) or the Required Lenders so request, the Pledgors
shall not be required to update Annex C hereto to reflect additional Distributor
Notes acquired or received by such Pledgors after the date hereof so long as the
procedures set forth in Sections 3.2(a)(v) and 3.2(c)(v) hereto have been
complied with. Without limiting the foregoing, each Pledgor shall be required to
pledge hereunder any shares of stock at any time and from time to time after the
date hereof acquired by such Pledgor of any Foreign Corporation, provided that
no Pledgor (to the extent that it is the Borrower or a Domestic Subsidiary of
the Borrower) shall be required at any time to pledge hereunder more than 65% of
the Voting Stock of any Foreign Corporation, although each Pledgor shall be
required to pledge hereunder 100% of any Non-Voting Stock at any time and from
time to time acquired by such Pledgor of any Foreign Corporation.
3.4. Transfer Taxes. Each pledge of Collateral under Section
3.1 or Section 3.3 hereof shall be accompanied by any transfer tax stamps
required in connection with the pledge of such Collateral.
3.5. Definition of Pledged Notes. All Notes at any time
pledged or required to be pledged hereunder are hereinafter called the "Pledged
Notes".
3.6. Certain Representations and Warranties Regarding the
Collateral. Each Pledgor represents and warrants that on the date hereof (i)
each Subsidiary of such Pledgor, and the direct ownership thereof, is listed in
Annex A hereto; (ii) the Stock held by such Pledgor consists of the number and
type of shares of the stock of the corporations as described in Annex B hereto;
(iii) such Stock referenced in clause (ii) of this paragraph constitutes that
percentage of the issued and outstanding capital stock of the issuing
corporation as is set forth in Annex B hereto; (iv) the Notes held by such
Pledgor consist of the promissory notes described in Annex C hereto where such
Pledgor is listed as the lender; (v) the Limited Liability Company Interests
held by such Pledgor consist of the number and type of interests of the Persons
described in Annex D hereto; (vi) each such Limited Liability Company Interest
referenced in clause (v) of this paragraph constitutes that percentage of the
issued and outstanding equity interest of the issuing Person as set forth in
Annex D hereto; (vii) the Partnership Interests held by such Pledgor consist of
the number and type of interests of the Persons described in Annex E hereto;
(viii) each such Partnership Interest referenced in clause (vii) of this
paragraph constitutes that percentage or portion of the entire partnership
interest of the Partnership as set forth in Annex E hereto; (ix) the
Distributor's Agreements held by such Pledgor consist of the agreements
described in Annex F hereto; (x) the Pledgor has complied with the respective
procedure set forth in Section 3.2(a) hereof with respect to each item of
Collateral described in Annexes A through F hereto; and (xi) on the date hereof,
such Pledgor owns no other Securities, Limited Liability Company Interests or
Partnership Interests and is not a party to any other Distributor's Agreement.
4. APPOINTMENT OF SUB-AGENTS; ENDORSEMENTS, ETC. The Pledgee
shall have the right to appoint one or more sub-collateral agents for the
purpose of retaining physical possession of any or all of the Pledged
Securities, which may be held (in the discretion of the Pledgee) in the name of
such Pledgor, endorsed or assigned in blank or in favor of the
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Pledgee or any nominee or nominees of the Pledgee or a sub-collateral agent
appointed by the Pledgee. To the extent any sub-collateral agent is at any time
appointed by the Pledgee pursuant to this Section 4, such sub-collateral agent
shall hold all Collateral in its possession in accordance with the provisions of
this Agreement, and shall be entitled to the benefits of this Agreement
(including, without limitation, all indemnity provisions set forth herein) to
the same extent as the Pledgee, except as otherwise expressly set forth herein.
The Borrower hereby agrees that it shall timely pay to any sub-collateral agent
appointed by the Pledgee pursuant to this Section 4 the customary and reasonable
fees and expenses charged by such sub-collateral agent for acting in such
capacity. With respect to the Distributor Notes and related Collateral, to the
extent no sub-collateral agent has been appointed by the Pledgee pursuant to
this Section 4 to retain physical possession of the Distributor Notes, each
Pledgor hereby agrees that, to the extent it retains possession of any
Distributor Notes, it shall hold such Distributor Notes as agent or trustee for
the Secured Creditors in accordance with Section 3.2(a)(v). On the Initial
Borrowing Date, and until further notice from the Collateral Agent, SunTrust has
been designated by the Collateral Agent to act as sub-collateral agent in
accordance with Section 13.19 of the Credit Agreement.
5. VOTING, ETC., WHILE NO EVENT OF DEFAULT. Unless and until
an Event of Default shall have occurred and be continuing, each Pledgor shall be
entitled to (i) exercise any and all voting and other consensual rights
pertaining to the Collateral and to give all consents, waivers or ratifications
in respect thereof; and (ii) exercise any and all voting, consent,
administration, management and other rights and remedies under (x) any limited
liability company agreement or operating agreement or otherwise with respect to
the Pledged Limited Liability Interests of such Pledgor and (y) any partnership
agreement or otherwise with respect to the Pledged Partnership Interests of such
Pledgor; provided, that, in each case, no vote shall be cast or any consent,
waiver or ratification given or any action taken or omitted to be taken which
would violate or be inconsistent with any of the terms of this Agreement, the
Credit Agreement, any other Credit Document, any Interest Rate Protection
Agreement (collectively, the "Secured Debt Agreements"), or which would have the
effect of impairing the value of the Collateral or any part thereof or the
position, interests, rights, priorities or remedies of the Pledgee or any other
Secured Creditor in the Collateral or under any Secured Debt Agreement. All such
rights of such Pledgor to vote and to give consents, waivers and ratifications
shall cease if an Event of Default has occurred and is continuing and the
Collateral Agent has thereafter provided notice to the Borrower that such rights
are suspended (provided that if any Default or Event of Default of the type
described in Section 10.05 of the Credit Agreement shall occur, no such notice
shall be required to give effect to this sentence), and Section 7 hereof shall
become applicable.
6. DIVIDENDS AND OTHER DISTRIBUTIONS. Unless an Event of
Default shall have occurred and be continuing, all cash dividends, cash
distributions payable, cash Proceeds and other cash amounts payable in respect
of the Collateral shall be paid to the respective Pledgor. The Pledgee shall be
entitled to receive directly, and to retain as part of the Collateral:
(i) all other or additional stock, notes, limited
liability company interests, partnership interests, instruments or
other securities or property (including, but not
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limited to, cash dividends other than as set forth above) paid or
distributed by way of dividend or otherwise in respect of the
Collateral;
(ii) all other or additional stock, notes, limited
liability company interests, partnership interests, instruments or
other securities or property (including, but not limited to, cash) paid
or distributed in respect of the Collateral by way of stock-split,
spin-off, split-up, reclassification, combination of shares or similar
rearrangement; and
(iii) all other or additional stock, notes, limited
liability company interests, partnership interests, instruments or
other securities or property (including, but not limited to, cash)
which may be paid in respect of the Collateral by reason of any
consolidation, merger, exchange of stock, conveyance of assets,
liquidation or similar corporate reorganization.
Nothing contained in this Section 6 shall limit or restrict in any way the
Pledgee's right to receive proceeds of the Collateral in any form in accordance
with Section 3 of this Agreement. All dividends, distributions or other payments
which are received by the Pledgor contrary to the provisions of this Section 6
and Section 7 below shall be received in trust for the benefit of the Pledgee,
shall be segregated from other property or funds of the Pledgor and shall be
forthwith paid over to the Pledgee as Collateral in the same form as so received
(with any necessary endorsement).
7. REMEDIES IN CASE OF EVENT OF DEFAULT. If an Event of
Default shall have occurred and be continuing, then, and in every such case, the
Pledgee shall be entitled to exercise all of the rights, powers and remedies
(whether vested in it by this Agreement, any other Secured Debt Agreement or, to
the extent then in effect and secured hereby, or by law) for the protection and
enforcement of its rights in respect of the Collateral, and the Pledgee shall be
entitled to exercise all the rights and remedies of a secured party under the
UCC and also shall be entitled, without limitation, to exercise the following
rights, which each Pledgor hereby agrees to be commercially reasonable:
(i) to receive all amounts payable in respect of the
Collateral payable to such Pledgor under Section 6 hereof;
(ii) to transfer all or any part of the Collateral into
the Pledgee's name or the name of its nominee or nominees;
(iii) to accelerate any Pledged Note which may be
accelerated in accordance with its terms, and take any other lawful
action to collect upon any Pledged Note (including, without limitation,
to make any demand for payment thereon);
(iv) to vote all or any part of the Collateral (whether or
not transferred into the name of the Pledgee) and give all consents,
waivers and ratifications in respect of the Collateral and otherwise
act with respect thereto as though it were the outright owner thereof
(each Pledgor hereby irrevocably constituting and appointing the
Pledgee the proxy and attorney-in-fact of such Pledgor, with full power
of substitution to do so);
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(v) at any time or from time to time to sell, assign and
deliver, or grant options to purchase, all or any part of the
Collateral, or any interest therein, at any public or private sale,
without demand of performance, advertisement or notice of intention to
sell or of the time or place of sale or adjournment thereof or to
redeem or otherwise (all of which are hereby waived by each Pledgor),
for cash, on credit or for other property, for immediate or future
delivery without any assumption of credit risk, and for such price or
prices and on such terms as the Pledgee in its absolute discretion may
determine; provided, that at least 10 Business Days' notice of the time
and place of any such sale shall be given to such Pledgor. The Pledgee
shall not be obligated to make any such sale of Collateral regardless
of whether any such notice of sale has theretofore been given. Each
Pledgor hereby waives and releases to the fullest extent permitted by
law any right or equity of redemption with respect to the Collateral,
whether before or after sale hereunder, and all rights, if any, of
marshaling the Collateral and any other security for the Obligations or
otherwise. At any such sale, unless prohibited by applicable law, the
Pledgee on behalf of the Secured Creditors may bid for and purchase all
or any part of the Collateral so sold free from any such right or
equity of redemption. Neither the Pledgee nor any Secured Creditor
shall be liable for failure to collect or realize upon any or all of
the Collateral or for any delay in so doing nor shall any of them be
under any obligation to take any action whatsoever with regard thereto;
and
(vi) to set-off any and all Collateral against any and all
Obligations, and to withdraw any and all cash or other Collateral from
any and all Collateral Accounts and to apply such cash and other
Collateral to the payment of any and all Obligations.
8. REMEDIES, ETC., CUMULATIVE. Each and every right, power and
remedy of the Pledgee provided for in this Agreement or any other Secured Debt
Agreement, or now or hereafter existing at law or in equity or by statute, shall
be cumulative and concurrent and shall be in addition to every other such right,
power or remedy. The exercise or beginning of the exercise by the Pledgee or any
other Secured Creditor of any one or more of the rights, powers or remedies
provided for in this Agreement or any other Secured Debt Agreement or now or
hereafter existing at law or in equity or by statute or otherwise shall not
preclude the simultaneous or later exercise by the Pledgee or any other Secured
Creditor of all such other rights, powers or remedies, and no failure or delay
on the part of the Pledgee or any other Secured Creditor to exercise any such
right, power or remedy shall operate as a waiver thereof. No notice to or demand
on any Pledgor in any case shall entitle it to any other or further notice or
demand in similar or other circumstances or constitute a waiver of any of the
rights of the Pledgee or any other Secured Creditor to any other or further
action in any circumstances without notice or demand. The Secured Creditors
agree that this Agreement may be enforced only by the action of the
Administrative Agent or the Pledgee, in each case acting upon the instructions
of the Required Secured Creditors, and that no other Secured Creditor shall have
any right individually to seek to enforce or to enforce this Agreement or to
realize upon the security to be granted hereby, it being understood and agreed
that such rights and remedies may be exercised by the Administrative Agent or
the Pledgee, as the case may be, for the benefit of the Secured Creditors upon
the terms of this Agreement.
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9. APPLICATION OF PROCEEDS. (a) All monies collected by the
Collateral Agent upon any sale or other disposition of the Collateral of each
Pledgor, together with all other monies received by the Collateral Agent
hereunder (except to the extent released in accordance with the applicable
provisions of this Agreement or to the extent such monies are held in one or
more Collateral Accounts pending the application thereof in accordance with the
requirements of this Agreement), shall be applied to the payment of the
Obligations as follows:
(i) first, to the payment of all amounts owing the
Collateral Agent of the type described in clauses (iii) and (iv) of Section 1;
(ii) second, to the extent proceeds remain after the
application pursuant to the preceding clause (i), an amount equal to the
outstanding Primary Obligations shall be paid to the Secured Creditors as
provided in Section 9(e) hereof, with each Secured Creditor receiving an amount
equal to such outstanding Primary Obligations or, if the proceeds are
insufficient to pay in full all such Primary Obligations, its Pro Rata Share of
the amount remaining to be distributed;
(iii) third, to the extent proceeds remain after the
application pursuant to the preceding clauses (i) and (ii), an amount equal to
the outstanding Secondary Obligations shall be paid to the Secured Creditors as
provided in Section 9(e) hereof, with each Secured Creditor receiving an amount
equal to its outstanding Secondary Obligations or, if the proceeds are
insufficient to pay in full all such Secondary Obligations, its Pro Rata Share
of the amount remaining to be distributed; and
(iv) fourth, to the extent proceeds remain after the
application pursuant to the preceding clauses (i) through (iii), inclusive, and
following the termination of this Agreement pursuant to Section 20 hereof, to
the relevant Pledgor or to whomever may be lawfully entitled to receive such
surplus.
(b) For purposes of this Agreement (x) "Pro Rata Share"
shall mean, when calculating a Secured Creditor's portion of any distribution or
amount, that amount (expressed as a percentage) equal to a fraction the
numerator of which is the then unpaid amount of such Secured Creditor's Primary
Obligations or Secondary Obligations, as the case may be, and the denominator of
which is the then outstanding amount of all Primary Obligations or Secondary
Obligations, as the case may be, (y) "Primary Obligations" shall mean (i) in the
case of the Credit Document Obligations, all principal of, and interest on, all
Loans, all Unpaid Drawings and all Fees and (ii) in the case of the Interest
Rate Protection Obligations, all amounts due under such Interest Rate Protection
Agreements (other than indemnities, fees (including, without limitation,
attorneys' fees) and similar obligations and liabilities) and (z) "Secondary
Obligations" shall mean all Obligations other than Primary Obligations.
(c) When payments to Secured Creditors are based upon
their respective Pro Rata Shares, the amounts received by such Secured Creditors
hereunder shall be applied (for purposes of making determinations under this
Section 9 only) (i) first, to their Primary Obligations and (ii) second, to
their Secondary Obligations. If any payment to any Secured Creditor of its Pro
Rata Share of any distribution would result in overpayment to such Secured
Creditor, such excess amount shall instead be distributed in respect of the
unpaid Primary
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Obligations or Secondary Obligations, as the case may be, of the
other Secured Creditors, with each Secured Creditor whose Primary Obligations or
Secondary Obligations, as the case may be, have not been paid in full to receive
an amount equal to such excess amount multiplied by a fraction the numerator of
which is the unpaid Primary Obligations or Secondary Obligations, as the case
may be, of such Secured Creditor and the denominator of which is the unpaid
Primary Obligations or Secondary Obligations, as the case may be, of all Secured
Creditors entitled to such distribution.
(d) Each of the Secured Creditors, by their acceptance of
the benefits hereof, agrees and acknowledges that if the Lender Creditors are to
receive a distribution on account of undrawn amounts with respect to Letters of
Credit issued under the Credit Agreement (which shall only occur after all
outstanding Loans and Unpaid Drawings with respect to such Letters of Credit
have been paid in full), such amounts shall be paid to the Administrative Agent
under the Credit Agreement and held by it, for the equal and ratable benefit of
the Lender Creditors, as cash security for the repayment of Obligations owing to
the Lender Creditors as such. If any amounts are held as cash security pursuant
to the immediately preceding sentence, then upon the termination of all
outstanding Letters of Credit, and after the application of all such cash
security to the repayment of all Obligations owing to the Lender Creditors after
giving effect to the termination of all such Letters of Credit, if there remains
any excess cash, such excess cash shall be returned by the Administrative Agent
to the Collateral Agent for distribution in accordance with Section 9(a) hereof.
(e) All payments required to be made hereunder shall be
made (x) if to the Lender Creditors, to the Administrative Agent under the
Credit Agreement for the account of the Lender Creditors, and (y) if to the
Interest Rate Protection Creditors, to the trustee, paying agent or other
similar representative (each a "Representative") for the Interest Rate
Protection Creditors or, in the absence of such a Representative, directly to
the Interest Rate Protection Creditors.
(f) For purposes of applying payments received in
accordance with this Section 9, the Collateral Agent shall be entitled to rely
upon (i) the Administrative Agent under the Credit Agreement and (ii) the
Representative for the Interest Rate Protection Creditors or, in the absence of
such a Representative, upon the Interest Rate Protection Creditors for a
determination (which the Administrative Agent, each Representative for any
Interest Rate Protection Creditors and the Secured Creditors agree (or shall
agree) to provide upon request of the Collateral Agent) of the outstanding
Primary Obligations and Secondary Obligations owed to the Lender Creditors or
the Interest Rate Protection Creditors, as the case may be. Unless it has actual
knowledge (including by way of written notice from a Lender Creditor or an
Interest Rate Protection Creditor) to the contrary, the Administrative Agent and
each Representative, in furnishing information pursuant to the preceding
sentence, and the Collateral Agent, in acting hereunder, shall be entitled to
assume that no Secondary Obligations are outstanding. Unless it has actual
knowledge (including by way of written notice from an Interest Rate Protection
Creditor) to the contrary, the Collateral Agent, in acting hereunder, shall be
entitled to assume that no Interest Rate Protection Agreements are in existence.
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(g) It is understood and agreed that each Pledgor shall
remain jointly and severally liable to the extent of any deficiency between the
amount of the proceeds of the Collateral pledged by it hereunder and the
aggregate amount of the Obligations of such Pledgor.
10. PURCHASERS OF COLLATERAL. Upon any sale of the Collateral
by the Pledgee hereunder (whether by virtue of the power of sale herein
granted, pursuant to judicial process or otherwise), the receipt of the Pledgee
or the officer making the sale shall be a sufficient discharge to the purchaser
or purchasers of the Collateral so sold, and such purchaser or purchasers shall
not be obligated to see to the application of any part of the purchase money
paid over to the Pledgee or such officer or be answerable in any way for the
misapplication or nonapplication thereof.
11. INDEMNITY. Each Pledgor jointly and severally agrees (i)
to indemnify and hold harmless the Pledgee in such capacity and each other
Secured Creditor and their respective successors, assigns, employees, agents
and servants (individually an "Indemnitee," and collectively the "Indemnitees")
from and against any and all claims, demands, losses, judgments and liabilities
(including liabilities for penalties of whatsoever kind or nature), and (ii) to
reimburse each Indemnitee for all costs and expenses, including reasonable
attorneys' fees, in each case to the extent growing out of or resulting from
the exercise by any Indemnitee of any right or remedy granted to it hereunder
or under any other Secured Debt Agreement except, with respect to clauses (i)
and (ii) above, to the extent arising from gross negligence or willful
misconduct (as determined by a court of competent jurisdiction in a final and
non-appealable decision) of the respective Indemnitee. In no event shall the
Pledgee be liable, in the absence of gross negligence or willful misconduct on
its part (as determined by a court of competent jurisdiction in a final and
non-appealable decision), for any matter or thing in connection with this
Agreement other than to account for monies actually received by it in
accordance with the terms hereof. If and to the extent that the obligations of
the Pledgors under this Section 11 are unenforceable for any reason, each
Pledgor hereby agrees to make the maximum contribution to the payment and
satisfaction of such obligations which is permissible under applicable law.
12. PLEDGEE NOT A PARTNER OR LIMITED LIABILITY COMPANY
MEMBER. (a) Nothing herein shall be construed to make the Pledgee or any other
Secured Creditor liable as a member of any limited liability company or as a
partner of any partnership and neither the Pledgee nor any other Secured
Creditor by virtue of this Agreement or otherwise (except as referred to in the
following sentence) shall have any of the duties, obligations or liabilities of
a member of any limited liability company or partnership. The parties hereto
expressly agree that, unless the Pledgee shall become the absolute owner of
Collateral consisting of a Limited Liability Company Interest or Partnership
Interest pursuant hereto, this Agreement shall not be construed as creating a
partnership or joint venture among the Pledgee, any other Secured Creditor
and/or any Pledgor.
(b) Except as provided in the last sentence of paragraph
(a) of this Section 12, the Pledgee, by accepting this Agreement, did not
intend to become a member of any limited liability company or a partner of any
partnership or otherwise be deemed to be a co-venturer with respect to any
Pledgor or any limited liability company or partnership either before or after
an
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Event of Default shall have occurred. The Pledgee shall have only those powers
set forth herein and the Secured Creditors shall assume none of the duties,
obligations or liabilities of a member of any limited liability company or as a
partner of any partnership or any Pledgor except as provided in the last
sentence of paragraph (a) of this Section 12.
(c) The Pledgee and the other Secured Creditors shall
not be obligated to perform or discharge any obligation of any Pledgor as a
result of the pledge hereby effected.
(d) The acceptance by the Pledgee of this Agreement,
with all the rights, powers, privileges and authority so created, shall not at
any time or in any event obligate the Pledgee or any other Secured Creditor to
appear in or defend any action or proceeding relating to the Collateral to
which it is not a party, or to take any action hereunder or thereunder, or to
expend any money or incur any expenses or perform or discharge any obligation,
duty or liability under the Collateral.
13. FURTHER ASSURANCES; POWER OF ATTORNEY. (a) Each Pledgor
agrees that it will join with the Pledgee in executing and, at such Pledgor's
own expense, file and refile under the applicable UCC or such other law such
financing statements, continuation statements and other documents in such
offices as the Pledgee may reasonably deem necessary or appropriate and
wherever required or permitted by law in order to perfect and preserve the
Pledgee's security interest in the Collateral and hereby authorizes the Pledgee
to file financing statements and amendments thereto relative to all or any part
of the Collateral without the signature of such Pledgor where permitted by law,
and agrees to do such further acts and things and to execute and deliver to the
Pledgee such additional conveyances, assignments, agreements and instruments as
the Pledgee may reasonably deem necessary or advisable to carry into effect the
purposes of this Agreement or to further assure and confirm unto the Pledgee
its rights, powers and remedies hereunder.
(b) Each Pledgor hereby appoints the Pledgee such
Pledgor's attorney-in-fact, with full authority in the place and stead of such
Pledgor and in the name of such Pledgor or otherwise, to act from time to time
after the occurrence and during the continuance of an Event of Default in the
Pledgee's reasonable discretion to take any action and to execute any
instrument which the Pledgee may deem necessary or advisable to accomplish the
purposes of this Agreement.
14. THE PLEDGEE AS AGENT. The Pledgee will, subject to the
provisions hold in accordance with this Agreement all items of the Collateral
at any time received under this Agreement. It is expressly understood and
agreed that the obligations of the Pledgee as holder of the Collateral and
interests therein and with respect to the disposition thereof, and otherwise
under this Agreement, are only those expressly set forth in this Agreement. The
Pledgee shall act hereunder on the terms and conditions set forth herein and in
Section 12 of the Credit Agreement, the terms of which shall be deemed
incorporated herein by reference as fully as if same were set forth herein in
their entirety.
15. TRANSFER BY PLEDGORS. No Pledgor will sell or otherwise
dispose of, grant any option with respect to, or mortgage, pledge or otherwise
encumber any of the
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Collateral or any interest therein (except in accordance with the terms of this
Agreement and as permitted by the terms of the Credit Agreement and the other
Secured Debt Documents).
16. REPRESENTATIONS, WARRANTIES AND COVENANTS OF PLEDGORS.
(a) Each Pledgor represents, warrants and covenants that:
(i) it is the legal, beneficial and record owner of, and
has good and marketable title to, all Collateral consisting of one or
more Securities and that it has sufficient interest in all Collateral
in which a security interest is purported to be created hereunder for
such security interest to attach (subject, in each case, to no pledge,
lien, mortgage, hypothecation, security interest, charge, option,
Adverse Claim or other encumbrance whatsoever, except the liens and
security interests created by this Agreement);
(ii) it has full power, authority and legal right to
pledge and assign all the Collateral pledged and assigned by it
pursuant to this Agreement;
(iii) this Agreement has been duly authorized, executed
and delivered by such Pledgor and constitutes the legal, valid and
binding obligation of such Pledgor enforceable against such Pledgor in
accordance with its terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting
creditors' rights generally and by equitable principles (regardless of
whether enforcement is sought in equity or at law);
(iv) except to the extent already obtained or made, no
consent of any other party (including, without limitation, any
stockholder or creditor of such Pledgor or any of its Subsidiaries and
any other partners or members of such Pledgor's partnerships or
limited liability companies) and no consent, license, permit, approval
or authorization of, exemption by, notice or report to, or
registration, filing (except any filings or recordings required to
perfect the Pledgee's security interest in the Collateral, which will
be made within ten (10) days of the Initial Borrowing Date) or
declaration with, any governmental authority is required to be
obtained by such Pledgor in connection with (a) the execution,
delivery or performance of this Agreement, (b) the validity or
enforceability of this Agreement (except as set forth in clause (iii)
above), (c) the perfection or enforceability of the Pledgee's security
interest in the Collateral (other than the Distributor Notes and
related Collateral to the extent possession thereof has not been
obtained, and is not then required to be obtained, by the Pledgee or
any sub-collateral agent in accordance with the provisions of Section
3.2(a)(v)) or (d) except for compliance with or as may be required by
applicable securities laws, the exercise by the Pledgee of any of its
rights or remedies provided herein;
(v) the execution, delivery and performance of this
Agreement by such Pledgor does not violate any provision of any
applicable law or regulation or of any order, judgment, writ, award or
decree of any court, arbitrator or governmental authority, domestic or
foreign, or of the certificate of incorporation or by-laws (or
analogous organizational documents) of such Pledgor or of any
securities issued by such Pledgor or any of its Subsidiaries, or of
any mortgage, indenture, lease, deed of trust, credit agreement or
loan agreement, or any other material agreement, contract or
instrument to which such Pledgor or
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198
any of its Subsidiaries is a party or which purports to be binding
upon such Pledgor or any of its Subsidiaries or upon any of their
respective material assets and will not result in the creation or
imposition (or the obligation to create or impose) of any lien or
encumbrance on any of the assets of such Pledgor or any of its
Subsidiaries except as contemplated by this Agreement;
(vi) all of the Collateral consisting of Securities,
Limited Liability Company Interests and Partnership Interests has been
duly and validly issued and acquired, is fully paid and nonassessable
and is subject to no options to purchase or similar rights;
(vii) to such Pledgor's knowledge, each of the Pledged
Notes constitutes, or when executed by the obligor thereof will
constitute, the legal, valid and binding obligation of such obligor,
enforceable in accordance with its terms, except to the extent that
the enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws generally
affecting creditors' rights and by equitable principles (regardless of
whether enforcement is sought in equity or at law); and
(viii) the pledge, collateral assignment and delivery to
the Pledgee of the Collateral consisting of Certificated Securities
pursuant to this Agreement creates a valid and perfected first
priority security interest in such Certificated Securities, and the
proceeds thereof, subject to no prior Lien or encumbrance or to any
agreement purporting to grant to any third party a Lien or encumbrance
on the property or assets of such Pledgor which would include the
Securities and the Pledgee is entitled to all the rights, priorities
and benefits afforded by the UCC or other relevant law as enacted in
any relevant jurisdiction to perfect security interests in respect of
such Collateral; and
(ix) "control" (as defined in Section 8-106 of the UCC)
has been obtained by the Pledgee over all Collateral consisting of
Securities (including Notes which are Securities) with respect to
which such "control" may be obtained pursuant to Section 8-106 of the
UCC, except, (x) in the case of Securities issued by non-Subsidiaries
of the respective Pledgors (other than the Distributor Notes), with
respect to which such Pledgors have used commercially reasonable
efforts to obtain "control" but have been unable to get applicable
third parties to take necessary actions with respect thereto or (y) in
the case of Distributor Notes, to the extent a sub-collateral agent
has not been appointed by the Pledgee pursuant to Section 4 to hold
such Distributor Notes.
(b) Each Pledgor covenants and agrees that it will
defend the Pledgee's right, title and security interest in and to the
Collateral and the proceeds thereof against the claims and demands of all
persons whomsoever; and such Pledgor covenants and agrees that it will have
like title to and right to pledge any other property at any time hereafter
pledged to the Pledgee as Collateral hereunder and will likewise defend the
right thereto and security interest therein of the Pledgee and the other
Secured Creditors.
-23-
199
(c) Each Pledgor covenants and agrees that it will take
no action which would violate any of the terms of any Secured Debt Agreement
applicable to such Pledgor.
(d) Each Pledgor covenants and agrees that it will
furnish to the Pledgee and any Secured Creditor at any time and from time to
time such additional information regarding the Collateral from time to time
owned by it or in its possession as may be reasonably requested by the Pledgee
or the respective Secured Creditor.
17. CHIEF EXECUTIVE OFFICE; RECORDS; STATE OF INCORPORATION/
ORGANIZATION. (a) The chief executive office of each Pledgor is located at the
address specified in Annex G hereto. Each Pledgor will not move its chief
executive office except to such new location as such Pledgor may establish in
accordance with the last sentence of this Section 17(a). The originals of all
documents in the possession of such Pledgor evidencing all Collateral,
including but not limited to all Limited Liability Company Interests,
Partnership Interests and Distributor's Agreements, and the only original books
of account and records of such Pledgor relating thereto are, and will continue
to be, kept at such chief executive office as specified in Annex G hereto, or
at such new locations as such Pledgor may establish in accordance with the
penultimate sentence of this Section 17(a). All Limited Liability Company
Interests, Partnership Interests and Distributor's Agreements are, and will
continue to be, maintained at, and controlled and directed (including, without
limitation, for general accounting purposes) from, such chief executive office
as specified in Annex G hereto, or such new locations as such Pledgor may
establish in accordance with the last sentence of this Section 17(a). No
Pledgor shall establish a new location for such offices until (i) it shall have
given to the Pledgee not less than 15 days' prior written notice of its
intention so to do, providing a complete address for such new location and
providing such other information in connection therewith as the Pledgee may
reasonably request and (ii) with respect to such new location, it shall have
taken all action, reasonably satisfactory to the Pledgee, necessary to maintain
the security interest of the Collateral Agent in the Collateral intended to be
granted hereby at all times fully perfected and in full force and effect.
Promptly after establishing a new location for such offices in accordance with
the immediately preceding sentence, the respective Pledgor shall deliver to the
Pledgee a supplement to Annex G hereto so as to cause such Annex G hereto to be
complete and accurate.
(b) The exact legal name of each Pledgor, and the state
of incorporation or organization, as the case may be, of each Pledgor is as
specified in Annex H hereto. No Pledgor shall change its name or establish a
new state of incorporation or organization until (i) it shall have given to the
Pledgee not less than 15 days' prior written notice of its intention so to do,
clearly describing such new name and/or jurisdiction of organization and
providing such other information in connection therewith as the Pledgee may
reasonably request and (ii) with respect to such new name and/or jurisdiction
of organization, it shall have taken all action, reasonably satisfactory to the
Pledgee, necessary to maintain the security interest of the Pledgee in the
Collateral intended to be granted hereby at all times fully perfected and in
full force and effect. Promptly after establishing a new name and/or
jurisdiction of organization in accordance with the immediately preceding
sentence, the respective Pledgor shall deliver to the Pledgee a supplement to
Annex H hereto so as to cause such Annex H hereto to be complete and accurate.
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200
18. PLEDGORS' OBLIGATIONS ABSOLUTE, ETC. The obligations of
each Pledgor under this Agreement shall be absolute and unconditional and shall
remain in full force and effect without regard to, and shall not be released,
suspended, discharged, terminated or otherwise affected by, any circumstance or
occurrence whatsoever, including, without limitation: (i) any renewal,
extension, amendment or modification of or addition or supplement to or
deletion from any Secured Debt Agreement or any other instrument or agreement
referred to therein, or any assignment or transfer of any thereof; (ii) any
waiver, consent, extension, indulgence or other action or inaction under or in
respect of any such agreement or instrument or this Agreement; (iii) any
furnishing of any additional security to the Pledgee or its assignee or any
acceptance thereof or any release of any security by the Pledgee or its
assignee; (iv) any limitation on any party's liability or obligations under any
such instrument or agreement or any invalidity or unenforceability, in whole or
in part, of any such instrument or agreement or any invalidity or
unenforceability, in whole or in part, of any such instrument or agreement or
any term thereof; or (v) any bankruptcy, insolvency, reorganization,
composition, adjustment, dissolution, liquidation or other like proceeding
relating to such Pledgor or any Subsidiary of such Pledgor, or any action taken
with respect to this Agreement by any trustee or receiver, or by any court, in
any such proceeding, whether or not such Pledgor shall have notice or knowledge
of any of the foregoing.
19. REGISTRATION, ETC. (a) If an Event of Default shall have
occurred and be continuing then, and in every such case, upon receipt by any
Pledgor from the Pledgee of a written request or requests that such Pledgor
cause any registration, qualification or compliance under any Federal or state
securities law or laws to be effected with respect to all or any part of the
Collateral consisting of Securities, Limited Liability Company Interests or
Partnership Interests, such Pledgor as soon as practicable and at its expense
will cause such registration to be effected (and be kept effective) and will
cause such qualification and compliance to be effected (and be kept effective)
as may be so requested and as would permit or facilitate the sale and
distribution of such Collateral, including, without limitation, registration
under the Securities Act as then in effect (or any similar statute then in
effect), appropriate qualifications under applicable blue sky or other state
securities laws and appropriate compliance with any other government
requirements; provided, that the Pledgee shall furnish to such Pledgor such
information regarding the Pledgee as such Pledgor may reasonably request in
writing and as shall be required in connection with any such registration,
qualification or compliance. Such Pledgor will cause the Pledgee to be kept
reasonably advised in writing as to the progress of each such registration,
qualification or compliance and as to the completion thereof, will furnish to
the Pledgee such number of prospectuses, offering circulars or other documents
incident thereto as the Pledgee from time to time may reasonably request, and
will indemnify the Pledgee, each other Secured Creditor and all others
participating in the distribution of such Collateral against all claims,
losses, damages and liabilities caused by any untrue statement (or alleged
untrue statement) of a material fact contained therein (or in any related
registration statement, notification or the like) or by any omission (or
alleged omission) to state therein (or in any related registration statement,
notification or the like) a material fact required to be stated therein or
necessary to make the statements therein not misleading, except insofar as the
same may have been caused by an untrue statement or omission based upon
information furnished in writing to such Pledgor by the Pledgee or such other
Secured Creditor expressly for use therein.
-25-
201
(b) If at any time when the Pledgee shall determine to
exercise its right to sell all or any part of the Collateral consisting of
Securities, Limited Liability Company Interests or Partnership Interests
pursuant to Section 7 hereof, such part thereof to be sold shall not, for any
reason whatsoever, be effectively registered under the Securities Act, as then
in effect, the Pledgee may, in its sole and absolute discretion, sell such
Collateral, or part thereof, as the case may be, by private sale in such manner
and under such circumstances as the Pledgee may deem necessary or advisable in
order that such sale may legally be effected without such registration. Without
limiting the generality of the foregoing, in any such event the Pledgee, in its
sole and absolute discretion: (i) may proceed to make such private sale
notwithstanding that a registration statement for the purpose of registering
such Pledged Securities or part thereof shall have been filed under such
Securities Act; (ii) may approach and negotiate with a single possible
purchaser to effect such sale; and (iii) may restrict such sale to a purchaser
who will represent and agree that such purchaser is purchasing for its own
account, for investment, and not with a view to the distribution or sale of
such Collateral or part thereof. In the event of any such sale, the Pledgee
shall incur no responsibility or liability for selling all or any part of the
Pledged Securities at a price which the Pledgee, in its sole and absolute
discretion, may in good xxxxx xxxx reasonable under the circumstances,
notwithstanding the possibility that a substantially higher price might be
realized if the sale were deferred until after registration as aforesaid.
20. TERMINATION, RELEASE. (a) After the Termination Date,
this Agreement shall terminate (provided that all indemnities set forth herein
including, without limitation, in Section 11 hereof shall survive any such
termination) and the Pledgee, at the request and expense of the respective
Pledgor, will execute and deliver to such Pledgor a proper instrument or
instruments (including Uniform Commercial Code termination statements on form
UCC-3) acknowledging the satisfaction and termination of this Agreement, will
terminate such control agreements or similar agreements with respect to the
Collateral as may then exist, and will duly assign, transfer and deliver to
such Pledgor (without recourse and without any representation or warranty) such
of the Collateral as may be in the possession of the Pledgee and as has not
theretofore been sold or otherwise applied or released pursuant to this
Agreement, together with any monies at the time held by the Pledgee or any its
sub-agents hereunder. As used in this Agreement, "Termination Date" shall mean
the date upon which the total commitments to provide extensions of credit under
all Secured Debt Agreements have terminated, and all Loans have been repaid in
full, all Letters of Credit have been terminated, all extensions of credit
pursuant to any Interest Rate Protection Agreements have been repaid in full
and all Obligations (other than arising from indemnities for which no request
has been made) have been paid in full.
(b) In the event that any part of the Collateral is sold
or otherwise disposed of (to a Person other than a Credit Party) in connection
with a sale or disposition permitted by the Credit Agreement or is otherwise
released at the direction of the Required Secured Creditors, and the proceeds
of such sale or disposition (or from such release) are applied in accordance
with the terms of the Credit Agreement to the extent required to be so applied,
the Pledgee, at the request and expense of such Pledgor, will duly assign,
transfer and deliver to such Pledgor (without recourse and without any
representation or warranty) such of the Collateral as is then being (or has
been) so sold or released and as may be in possession of the Pledgee and has
not theretofore
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202
been released pursuant to this Agreement and, to the extent requested by such
Pledgor, deliver, at such Pledgor's expense, appropriate UCC termination
statements and instruments of satisfaction, discharge and or reconveyance, as
the case may be.
(c) At any time that a Pledgor desires that Collateral
be released as provided in the foregoing Section 20(a) or (b), it shall deliver
to the Pledgee a certificate signed by the principal executive officer of such
Pledgor stating that the release of the respective Collateral is permitted
pursuant to Section 20(a) or (b) hereof, and the Pledgee shall be entitled (but
not required) to conclusively rely thereon. If reasonably requested by the
Pledgee (although the Pledgee shall have no obligation to make any such
request), the relevant Pledgor shall furnish appropriate legal opinions (from
counsel reasonably acceptable to the Pledgee) to the effect set forth in the
immediately preceding sentence.
(d) The Pledgee shall have no liability whatsoever to
any other Secured Creditor as the result of any release of Collateral by it in
accordance with, or which it believes to be in accordance with, this Section
20.
21. NOTICES, ETC. All notices and communications hereunder
shall be in writing and sent or delivered by mail, telecopy or overnight
courier service and all such notices and communications shall, when mailed,
telecopied, or sent by overnight courier, be effective when deposited in the
mails, delivered to the overnight courier, or sent by telecopier, except that
notices and communications to the Pledgee or any Pledgor shall not be effective
until received by the Pledgee or such Pledgor, as the case may be. All such
notices and other communications shall be addressed as follows:
(a) if to any Pledgor, at:
c/o Flowers Foods, Inc.
0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
Attention: Xxxx Xxxxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
(b) if to the Pledgee, at:
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
(c) if to any Lender Creditor (other than the Pledgee),
(x) to the Administrative Agent, at the address of the Administrative
Agent specified in the Credit Agreement or (y) at such address as such
Lender Creditor shall have specified in the Credit Agreement;
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203
(d) if to any Interest Rate Protection Creditor, at such
address at such Interest Rate Protection Creditor shall have specified
in writing to the Borrower and the Pledgee;
or at such other address as shall have been furnished in writing by any Person
described above to the party required to give notice hereunder.
22. WAIVER; AMENDMENT. Except as contemplated in Section 25
hereof, none of the terms and conditions of this Agreement may be changed,
waived, discharged or terminated in any manner whatsoever except in writing
duly signed by each Pledgor directly affected thereby and the Pledgee (with the
written consent of either (x) the Required Lenders (or all of the Lenders to
the extent required by Section 13.12 of the Credit Agreement) at all times
prior to the time on which all Credit Document Obligations have been paid in
full or (y) the holders of at least a majority of the outstanding Interest Rate
Protection Obligations at all times after the time on which all Credit Document
Obligations have been paid in full); provided, that any change, waiver,
modification or variance affecting the rights and benefits of a single Class
(as defined below) of Secured Creditors (and not all Secured Creditors in a
like or similar manner) shall also require the written consent of the Requisite
Creditors (as defined below) of such affected Class. For the purpose of this
Agreement, the term "Class" shall mean each class of Secured Creditors, i.e.,
whether (i) the Lender Creditors as holders of the Credit Document Obligations
or (ii) the Interest Rate Protection Creditors as the holders of the Interest
Rate Protection Obligations. For the purpose of this Agreement, the term
"Requisite Creditors" of any Class shall mean each of (i) with respect to the
Credit Document Obligations, the Required Lenders and (ii) with respect to the
Interest Rate Protection Obligations, the holders of at least a majority of all
obligations outstanding from time to time under the Interest Rate Protection
Agreements.
23. MISCELLANEOUS. This Agreement shall be binding upon the
parties hereto and their respective successors and assigns and shall inure to
the benefit of and be enforceable by each of the parties hereto and its
successors and assigns, provided that no Pledgor may assign any of its rights
or obligations under this Agreement except in accordance with the terms of the
Secured Debt Agreements. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK.
EACH PARTY TO THIS AGREEMENT IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN
ANY ACTION PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. The headings in this
Agreement are for purposes of reference only and shall not limit or define the
meaning hereof. This Agreement may be executed in any number of counterparts,
each of which shall be an original, but all of which shall constitute one
instrument. In the event that any provision of this Agreement shall prove to be
invalid or unenforceable, such provision shall be deemed to be severable from
the other provisions of this Agreement which shall remain binding on all
parties hereto.
24. RECOURSE. This Agreement is made with full recourse to
the Pledgors and pursuant to and upon all the representations, warranties,
covenants and agreements on the
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204
part of the Pledgors contained herein and in the other Secured Debt Agreements
and otherwise in writing in connection herewith or therewith.
25. ADDITIONAL PLEDGORS. It is understood and agreed that any
Subsidiary of the Borrower that is required to become a party to this Agreement
after the date hereof pursuant to the requirements of the Credit Agreement
shall automatically become a Pledgor hereunder by (x) executing a counterpart
hereof and/or a Subsidiary assumption agreement, in each case in form and
substance satisfactory to the Pledgee, (y) delivering supplements to Annexes A
through H hereto as are necessary to cause such Annexes to be complete and
accurate with respect to such additional Pledgor on such date and (z) taking
all actions as specified in Section 3 of this Agreement as would have been
taken by such Pledgor had it been an original party to this Agreement, in each
case with all documents required above to be delivered to the Pledgee and with
all actions required to be taken above to be taken to the reasonable
satisfaction of the Pledgee.
26. RELEASE OF GUARANTORS. In the event any Pledgor which is
a Subsidiary of the Borrower is released from its obligations pursuant to the
Subsidiaries Guaranty, such Pledgor (so long as not the Borrower) shall be
released from this Agreement and this Agreement shall, as to such Pledgor only,
have no further force or effect.
* * * *
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205
Exhibit H
Page 30
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered by their duly authorized officers as of the date first
above written.
FLOWERS FOODS, INC.,
as an Assignor
By: /s/ Xxxxxx X. Xxxxx, Xx.
---------------------------------------
Title: Treasurer
FLOWERS BAKERIES BRANDS, INC.
FLOWERS FINANCE, LLC
FLOWERS BAKERIES, LLC
FLOWERS BAKING CO. OF FLORIDA, LLC
FLOWERS BAKING CO. OF MIAMI, LLC
FLOWERS BAKING CO. OF JACKSONVILLE, LLC
FLOWERS BAKING CO. OF BRADENTON, LLC
FLOWERS BAKING CO. OF THOMASVILLE, LLC
FLOWERS BAKING CO. OF VILLA RICA, LLC
FLOWERS BAKING CO. OF OPELIKA, LLC
XXXXXX'X BAKERY, LLC
HOME BAKING COMPANY, LLC
XXXXX BAKERY, LLC
BUNNY BREAD, LLC
FLOWERS BAKING CO. OF BATON ROUGE, LLC
FLOWERS BAKING CO. OF JAMESTOWN, LLC
FRANKLIN BAKING COMPANY, LLC
FLOWERS BAKING CO. OF LYNCHBURG, LLC
FLOWERS BAKING CO. OF NORFOLK, LLC
FLOWERS BAKING CO. OF MORRISTOWN, LLC
XXXXXX'X BAKERY, LLC
FLOWERS BAKING CO. OF WEST VIRGINIA, LLC
THE DONUT HOUSE, LLC
FLOWERS BAKING CO. OF TEXAS, LLC
FLOWERS BAKING CO. OF TYLER, LLC
BUTTERKRUST BAKERY, LLC
EL PASO BAKING CO., LLC
By: /s/ Xxxxxx X. Xxxxx, Xx.
---------------------------------
Title: Authorized Representative
SAN ANTONIO BAKING CO., LLC
AUSTIN BAKING CO., LLC
CORPUS CHRISTI BAKING CO., LLC
FLOWERS BAKING CO. OF TEXARKANA, LLC
HOLSUM BAKING COMPANY, LLC
XXXXXXX BAKING COMPANY, LLC
XXXXXX BAKING COMPANY, LLC
XXXXXX STREET BAKERY, LLC
TABLE PRIDE, LLC
FLOWERS BAKING CO. OF MEMPHIS, LLC
HAMPTON ROADS BAKING COMPANY, LLC
XXX. XXXXX'X BAKERIES, LLC
EUROPEAN BAKERS, LLC
XXXX XXXXX'X BAKERY, LLC
XXX-CO BAKERY, LLC
DANIEL'S HOME BAKERY OF NORTH CAROLINA, LLC
XXX. XXXXX'X BAKERIES SALES SUPPORT GROUP, LLC
XXX. XXXXX'X FOIL COMPANY, LLC
XXX. XXXXX'X BAKERIES FROZEN DISTRIBUTORS, LLC
XXX. XXXXX'X BAKERIES OF PENNSYLVANIA, LLC
FLOWERS SPECIALTY FOODS OF XXXXXXXXXX, LLC
FLOWERS BAKING COMPANY OF FOUNTAIN INN, LLC
FLOWERS FRESH BAKERY DISTRIBUTORS, INC.
XXX. XXXXX'X BAKERY OF LONDON, LLC
XXX. XXXXX'X BRANDS, INC.
XXX. XXXXX'X BAKERY OF STILWELL, LLC
XXX. XXXXX'X BAKERY OF SPARTANBURG, LLC
XXX. XXXXX'X BAKERY OF CROSSVILLE, LLC
XXX. XXXXX'X BAKERY OF SUWANEE, LLC
By: /s/ Xxxxxx X. Xxxxx, Xx.
------------------------------
Title: Authorized Representative
Accepted and Agreed to:
BANKERS TRUST COMPANY,
as Collateral Agent
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------
Title: Vice President
206
ANNEX A
to
PLEDGE AND SECURITY AGREEMENT
LIST OF SUBSIDIARIES
PERCENTAGE
FEIN OWNED
---- -----
I. Flowers Foods, Inc. (GA) 00-0000000 Parent
1. Flowers Finance, LLC (DE) 00-0000000 100%
2. Flowers Bakeries, LLC (GA) 00-0000000 100%
i. Flowers Baking Co. of Florida, LLC (FL) 00-0000000 100%
1. Flowers Baking Co. of Miami, LLC (FL) 00-0000000 100%
2. Flowers Baking Co. of Jacksonville, LLC (FL) 00-0000000 100%
3. Flowers Baking Co. of Bradenton, LLC (FL) 00-0000000 100%
ii. Flowers Baking Co. of Thomasville, LLC (GA) 00-0000000 100%
iii. Flowers Baking Co. of Villa Rica, LLC (GA) 00-0000000 100%
iv. Flowers Baking Co. of Opelika, LLC (AL) 00-0000000 100%
1. Xxxxxx Street Bakery, LLC (AL) 00-0000000 100%
x. Xxxxxx'x Bakery, LLC (AL) 00-0000000 100%
vi. Home Baking Company, LLC (AL) 00-0000000 100%
vii. Xxxxx Bakery, LLC (LA) 00-0000000 100%
1. Bunny Bread, LLC (LA) 00-0000000 100%
a. Flowers Baking Co. of Baton Rouge, LLC (LA) 00-0000000 100%
viii. Flowers Baking Co. of Jamestown, LLC (NC) 00-0000000 100%
ix. Franklin Baking Company, LLC (NC) 00-0000000 100%
x. Flowers Baking Co. of Lynchburg, LLC (VA) 00-0000000 100%
xi. Flowers Baking Co. of Norfolk, LLC (VA) 00-0000000 100%
xii. Flowers Baking Co. of Morristown, LLC (TN) 00-0000000 100%
xiii. Xxxxxx'x Bakery, LLC (TX) 00-0000000 100%
xiv. Flowers Baking Co. of West Virginia, LLC (WV) 00-0000000 100%
1. The Donut House, LLC (WV) 00-0000000 100%
xv. Flowers Baking Co. of Texas, LLC (TX) 00-0000000 100%
1. Flowers Baking Co. of Tyler, LLC (GA) 00-0000000 100%
a. Butterkrust Bakery, LLC (TX) 00-0000000 100%
2. El Paso Baking Co., LLC (TX) 00-0000000 100%
a. El Paso Baking Company de Mexico, S.A. de C.V. (MEXICO) 100%
3. San Antonio Baking Co., LLC (TX) 00-0000000 100%
4. Austin Baking Co., LLC (TX) 00-0000000 100%
5. Corpus Christi Baking Co., LLC. (TX) 00-0000000 100%
xvi. Flowers Baking Co. of Texarkana, LLC (AR) 00-0000000 100%
xvii. Holsum Baking Company, LLC (AR) 00-0000000 100%
xviii.Xxxxxxx Baking Company, LLC (AR) 00-0000000 100%
xix. Xxxxxx Baking Company, LLC (WV) 00-0000000 100%
xx. Table Pride, LLC (GA) 00-0000000 100%
xxi. Flowers Baking Co. of Memphis, LLC (TN) 00-0000000 100%
xxii. Hampton Roads Baking Company, LLC (VA) 00-0000000 100%
207
ANNEX A
Page 2
xxiii. Flowers Bakeries Brands, Inc. (DE) 00-0000000 100%
3. Xxx. Xxxxx'x Bakeries, LLC (GA) 00-0000000 100%
a. European Bakers, LLC (GA) 00-0000000 100%
b. Xxxx Xxxxx'x Bakery, LLC (GA) 00-0000000 100%
c. Xxx-Co Bakery, LLC (GA) 00-0000000 100%
x. Xxxxxx'x Home Bakery of North Carolina, LLC (NC) 00-0000000 100%
d. Xxx. Xxxxx'x Bakeries Sales Support Group, LLC (GA) 00-0000000 100%
i. Xxx. Xxxxx'x Foil Company, LLC (GA) 00-0000000 100%
e. Xxx. Xxxxx'x Bakeries Frozen Distributors, LLC (GA) 00-0000000 100%
f. Xxx. Xxxxx'x Bakeries of Pennsylvania, LLC (GA) 00-0000000 100%
g. Flowers Specialty Foods of Xxxxxxxxxx, LLC (AL) 00-0000000 100%
h. Flowers Baking Company of Fountain Inn, LLC (SC) 00-0000000 100%
i. Flowers Fresh Bakery Distributors, Inc. (TN) 00-0000000 100%
j. Xxx. Xxxxx'x Bakery of London, LLC (KY) 00-0000000 100%
k. Xxx. Xxxxx'x Brands, Inc. (SC) 00-0000000 100%
l. Xxx. Xxxxx'x Bakery of Stilwell, LLC (OK) 00-0000000 100%
m. Xxx. Xxxxx'x Bakery of Spartanburg, LLC. (SC) 00-0000000 100%
n. Xxx. Xxxxx'x Bakery of Crossville, LLC. (TN) 00-0000000 100%
o. Xxx. Xxxxx'x Bakery of Suwanee, LLC (GA) 00-0000000 100%
208
ANNEX B
to
PLEDGE AND SECURITY AGREEMENT
LIST OF STOCK
1. Flowers Foods, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
2. Flowers Bakeries Brands, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
3. Flowers Bakeries, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Bakeries Common 1,000 1 100% (i)
Brands, Inc.
4. Xxx. Xxxxx'x Bakeries, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Fresh Bakery Common 1,000 1 100% (i)
Distributors, Inc.
Xxx. Xxxxx'x Brands, Common 1,000 1 100% (i)
Inc.
5. Flowers Baking Co. of Florida, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
6. Flowers Baking Co. of Thomasville, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
209
Annex B
Page 2
7. Flowers Baking Co. of Villa Rica, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
8. Flowers Baking Co. of Opelika, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
9. Xxxxxx'x Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
10. Home Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
11. Xxxxx Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
12. Flowers Baking Co. of Jamestown, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
13. Franklin Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
14. Flowers Baking Co. of Lynchburg, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
210
Annex B
Page 3
15. Flowers Baking Co. of Norfolk, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
16. Flowers Baking Co. of Morristown, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
17. Xxxxxx'x Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
18. Flowers Baking Co. of West Virginia, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
19. Flowers Baking Co. of Texas, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
20. Flowers Baking Co. of Texarkana, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
21. Holsum Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
22. Xxxxxxx Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
211
Annex B
Page 4
23. Xxxxxx Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
00 Xxxxxx Xxxxxx Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
25. Table Pride, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
26. Flowers Baking Co. of Memphis, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
27. Hampton Roads Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
28. Flowers Baking Co. of Miami, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
29. Flowers Baking Co. of Jacksonville, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
30. Flowers Baking Co. of Bradenton, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
212
Annex B
Page 5
31. Bunny Bread, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
32. Flowers Baking Co. of Baton Rouge, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
33. The Donut House, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
34. Flowers Baking Co. of Tyler, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
35. Butterkrust Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
36. El Paso Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
El Paso Baking 100% [(i)] [(ii)]
Company de Mexico,
S.A. de C.V.
37. El Paso Baking Company de Mexico, S.A. de C.V.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
213
Annex B
Page 6
38. San Antonio Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE. 100%
39. Austin Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
40. Corpus Christi Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
41. European Bakers, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
42. Xxxx Xxxxx'x Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
43. Xxx-Co Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
44. Daniel's Home Bakery of North Carolina, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
45. Xxx. Xxxxx'x Bakeries Frozen Distributors, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
214
Annex B
Page 7
46. Xxx. Xxxxx'x Bakeries of Pennsylvania, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
47. Flowers Specialty Foods of Xxxxxxxxxx, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
48. Flowers Baking Company of Fountain Inn, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
49. Flowers Fresh Bakery Distributors, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
50. Xxx. Xxxxx'x Bakeries Sales Support Group, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
51. Xxx. Xxxxx'x Foil Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
52. Xxx. Xxxxx'x Bakery of London, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Bluebird Brands, Inc. 100% [(i)] [(ii)]
53. Xxx. Xxxxx'x Brands, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE. 100%
215
Annex B
Page 8
54. Xxx. Xxxxx'x Bakery of Stilwell, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
55. Xxx. Xxxxx'x Bakery of Spartanburg, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE. 100%
56. Xxx. Xxxxx'x Bakery of Crossville, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE. 100%
57. Xxx. Xxxxx'x Bakery of Suwanee, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE. 100%
216
ANNEX C
to
PLEDGE AND SECURITY AGREEMENT
LIST OF NOTES
1. Flowers Foods, Inc.
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
------ ------------- ------- --------------------
See Attached. 3.2(v)
2. Flowers Bakeries Brands, Inc.
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
3. Flowers Bakeries, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
4. Xxx. Xxxxx'x Bakeries, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
5. Flowers Baking Co. of Florida, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
6. Flowers Baking Co. of Thomasville, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
217
ANNEX C
Page 2
7. Flowers Baking Co. of Villa Rica, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
8. Flowers Baking Co. of Opelika, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
9. Xxxxxx'x Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
10. Home Baking Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
11. Xxxxx Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
12. Flowers Baking Co. of Jamestown, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
218
ANNEX C
Page 3
13. Franklin Baking Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
14. Flowers Baking Co. of Lynchburg, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
15. Flowers Baking Co. of Norfolk, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
16. Flowers Baking Co. of Morristown, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
17. Xxxxxx'x Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
18. Flowers Baking Co. of West Virginia, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
219
ANNEX C
Page 4
19. Flowers Baking Co. of Texas, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
20. Flowers Baking Co. of Texasrkana, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
21. Holsum Baking Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
22. Xxxxxxx Baking Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
23. Xxxxxx Baking Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
24. Xxxxxx Street Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
25. Table Pride, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
220
ANNEX C
Page 5
26. Flowers Baking Co. of Memphis, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
27. Hampton Roads Baking Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
28. Flowers Baking Co. of Miami, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
29. Flowers Baking Co. of Jacksonville, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
30. Flowers Baking Co. of Bradenton, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
31. Bunny Bread, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
32. Flowers Baking Co. of Baton Rouge, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
221
ANNEX C
Page 6
33. The Donut House, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
34. Flowers Baking Co. of Tyler, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
35. Butterkrust Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
36. El Paso Baking Co., LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
37. El Paso Baking Company de Mexico, S.A. de C.V.
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
38. San Antonio Baking Co., LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
39. Austin Baking Co., LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
222
ANNEX C
Page 7
40. Corpus Christi Baking Co., LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
41. Eurpoean Bakers, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
42. Xxxx Xxxxx'x Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
43. Xxx-Co Bakery, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
44. Daniel's Home Bakery of North Carolina, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
45. Xxx. Xxxxx'x Bakeries Frozen Distributors, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
46. Xxx. Xxxxx'x Bakeries of Pennsylvania, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
223
ANNEX C
Page 8
47. Flowers Specialty Foods of Xxxxxxxxxx, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
48. Flowers Baking Company of Fountain Inn, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
49. Flowers Fresh Bakery Distributors, Inc.
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
50. Xxx. Xxxxx'x Bakeries Sales Support Group, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
51. Xxx. Xxxxx'x Foil Company, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
52. Xxx. Xxxxx'x Bakery of London, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
53. Xxx. Xxxxx'x Brands, Inc.
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
224
ANNEX C
Page 9
54. Xxx. Xxxxx'x Bakery of Stilwell, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
55. Xxx. Xxxxx'x Bakery of Spartanburg, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
56. Xxx. Xxxxx'x Bakery of Crossville, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
57. Xxx. Xxxxx'x Bakery of Suwanee, LLC
Relevant Sub-clause
of Section 3.2(a) of
Pledge and
Amount Maturity Date Obligor Security Agreement
NONE.
225
ATTACHMENT TO ANNEX C
to
PLEDGE AND SECURITY AGREEMENT
FLOWERS INDUSTRIES, INC.
DISTRIBUTOR NOTE PROGRAM
STATUS THROUGH 12/31/00
DISTRIBUTOR DISTRIBUTOR PAYMENT BEGINNING PAYMENT REMAINING
NAME SSN NUMBER NUMBER PRINCIPLE AMOUNT PRINCIPLE
---- --- ------ ------ --------- ------- ----------
TOTAL NUMBER OF DISTRIBUTORS = 2767 $91,731,698.38 $ 666,639.43 $90,435,141.72
Xxxxx Xxxxxx 261416389 151 21 $30,406.22 $ 101.39 $30,375.00
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 251758234 152 9 28,747.06 95.76 28,717.64
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 254336147 164 303 21,212.65 123.94 21,137.66
----------------------------------------------------------------------------------------------------------------------------
L Xxxxxxx 255399822 170 360 31,423.18 233.90 31,261.80
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxx 261622187 172 361 13,977.97 104.64 13,905.59
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 266715967 173 99 21,417.48 79.47 21,387.43
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxxx 253339916 336 109 29,235.31 110.03 29,192.75
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx Xx 260256297 360 71 44,930.06 160.41 44,873.33
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxxxx 260829415 361 361 9,779.34 73.17 9,728.74
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 417963111 362 2 43,676.43 144.46 43,632.76
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 262532588 374 21 32,631.22 110.07 32,596.45
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 261668079 375 110 30,047.09 113.25 30,003.18
----------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxx 262479907 440 182 19,471.90 82.71 19,434.13
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 417139994 441 125 28,575.54 110.17 28,531.31
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 424927903 443 96 27,079.23 100.05 27,041.67
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 418986646 444 39 29,072.39 99.90 29,039.58
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 417920647 445 182 27,146.89 115.54 27,094.00
----------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 417966621 450 125 22,011.28 84.85 21,977.23
----------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 260905460 451 242 24,963.47 121.44 24,899.64
----------------------------------------------------------------------------------------------------------------------------
M Hollister 419068515 452 361 13,546.93 101.34 13,476.85
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxxxxxx 417022653 453 361 16,931.13 126.69 16,843.51
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 542800500 650 156 32,303.97 130.82 32,247.70
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 260196686 661 93 22,435.11 82.55 22,404.33
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 256619175 662 9 23,450.02 78.11 23,426.03
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 464293174 663 124 21,049.08 81.02 21,016.63
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 259130841 664 31 35,129.16 119.78 35,090.45
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 257111860 667 334 25,013.77 164.84 24,906.65
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx Xxxxxx 256887880 668 144 31,731.12 126.11 31,678.24
----------------------------------------------------------------------------------------------------------------------------
J R Xxxxx 255686222 760 365 14,614.96 111.69 14,537.00
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxx 260171473 761 365 21,457.87 163.96 21,343.43
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 411176740 763 30 28,231.06 96.16 28,200.05
----------------------------------------------------------------------------------------------------------------------------
Xx X Xxxxx 255643817 764 365 20,965.02 159.46 20,853.94
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxxxx 256808055 765 365 14,202.32 107.94 14,127.15
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 255254513 768 2 31,938.14 105.64 31,906.20
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx Jr 253138867 820 69 50,163.26 178.86 50,100.16
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxx 256475589 821 22 40,141.45 135.54 40,098.54
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxx 423983421 822 29 38,168.43 129.86 38,126.65
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 255089135 860 22 34,739.67 117.30 34,702.54
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 259379929 873 166 29,750.24 122.85 29,696.04
----------------------------------------------------------------------------------------------------------------------------
226
ATTACHMENT TO ANNEX C
Page 2
X X Xxxxxxx 259907600 875 365 14,981.65 114.46 14,901.76
----------------------------------------------------------------------------------------------------------------------------
X X Xxxx,Xx 258298411 876 365 14,190.59 109.01 14,114.33
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx Early 256980096 877 30 50,855.04 173.21 50,799.19
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 255923854 960 16 48,895.64 164.06 48,844.42
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 256339025 961 9 51,641.59 172.02 51,588.74
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx 253191496 962 41 40,985.79 141.33 40,939.04
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx 259236366 963 54 40,386.20 141.38 40,338.02
----------------------------------------------------------------------------------------------------------------------------
R E Xxxxx 569720537 964 365 12,849.43 98.17 12,780.91
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 257136398 970 77 42,471.56 152.99 42,416.58
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 254866581 1080 166 27,141.36 112.08 27,091.91
----------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxx 254980306 1081 194 36,764.16 160.26 36,688.74
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 256197748 1082 253 23,753.39 118.96 23,689.25
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 258024384 1083 47 31,301.10 108.68 31,264.65
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxx,Xx 256199050 1084 68 25,210.66 162.02 25,106.82
----------------------------------------------------------------------------------------------------------------------------
E Xxxxxxxx 259729965 1085 365 20,511.93 156.73 20,402.54
----------------------------------------------------------------------------------------------------------------------------
W Xxxxxxxx 259023352 1086 365 25,643.48 195.93 25,506.73
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 253539542 1150 9 35,184.93 117.20 35,148.93
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 257061690 1151 101 9,897.24 36.83 9,883.25
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 258964358 1161 341 21,430.33 154.04 21,325.74
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 257061519 1162 103 34,278.97 127.91 34,230.17
----------------------------------------------------------------------------------------------------------------------------
S Xxxxxxxxx 258514456 1175 11 44,853.69 149.72 44,807.48
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 257849451 1240 365 20,318.78 155.25 20,210.42
----------------------------------------------------------------------------------------------------------------------------
L Xxxxx 256563470 1241 365 15,652.79 119.58 15,569.33
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 260983933 1242 145 29,398.24 117.04 29,349.04
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 123587932 1243 35 44,671.96 152.66 44,622.39
----------------------------------------------------------------------------------------------------------------------------
W Xxxxxxx 260704297 1244 365 14,119.23 107.94 14,043.87
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxx 260687875 1290 299 40,893.85 234.00 40,754.22
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 252377463 1292 94 48,796.50 179.07 48,730.04
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 265919525 1461 1 54,600.00 180.42 54,545.58
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 265919525 1462 21 48,579.60 48,691.71 0.00
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 261678716 1463 140 22,319.25 88.13 22,282.63
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 591122484 1464 21 31,053.22 168.66 30,956.22
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 302505678 1465 21 34,898.92 117.47 34,861.99
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 314886418 1470 170 30,762.22 127.98 30,705.23
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 267430970 1580 68 27,486.67 97.76 27,452.34
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 267797213 1583 216 23,409.56 106.51 23,357.07
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 265616143 1584 228 12,470.78 58.06 12,441.50
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 577647390 1589 28 30,257.88 102.61 30,225.10
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 291768311 1590 1 30,450.00 100.62 30,419.65
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxxx,Xx 425066104 1660 228 23,747.53 111.61 23,690.72
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 514641969 1661 96 29,639.21 109.36 29,598.25
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxx Xx 229133984 1662 83 45,536.36 165.10 45,476.34
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxx, Xx 433432215 1663 114 35,107.07 132.91 35,055.18
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 258478420 1664 228 5,693.07 26.75 5,679.46
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 452044244 1665 216 4,274.20 19.49 4,264.57
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 266699568 1666 20 53,936.56 181.74 53,879.29
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 361522370 1667 128 55,018.74 212.76 54,932.95
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 428396646 1860 93 34,735.99 127.47 34,688.68
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 267792486 1861 1 37,060.00 122.46 37,023.06
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 420925528 1870 58 32,915.45 115.78 32,875.63
----------------------------------------------------------------------------------------------------------------------------
227
ATTACHMENT TO ANNEX C
Page 3
Xxxxxxx Blow 423988329 1871 6 37,580.93 124.80 37,542.86
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxx Xxxxxxx 435620444 1872 10 18,038.67 77.53 18,002.77
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 264838393 1890 46 36,235.69 141.23 36,178.08
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 329563763 1891 28 40,187.73 136.58 40,143.89
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 590300223 1893 1 53,230.00 175.89 53,176.95
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 109563142 1980 54 36,509.35 127.81 36,465.79
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 109561011 1982 70 36,559.20 130.52 36,513.05
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 264798380 1983 3 68,812.42 227.83 68,743.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 259924927 1990 296 20,453.81 116.64 20,384.37
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 261415115 1992 26 38,926.50 132.01 38,884.32
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 587336238 2060 25 57,560.41 194.99 57,498.25
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxxx 593448718 2061 28 42,624.27 144.86 42,577.77
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 593247648 2064 46 45,972.64 159.43 45,919.30
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 144724999 2068 68 39,210.53 139.29 39,161.73
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 267907743 2069 16 58,999.79 197.96 58,937.98
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 457591263 2160 170 24,901.20 103.59 24,855.07
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 194581898 2163 142 30,227.29 119.54 30,177.51
----------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 416804041 2180 133 23,309.51 91.00 23,272.30
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 270583987 2181 306 21,264.63 125.56 21,188.14
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxx 591542069 2183 27 32,207.39 109.34 32,172.37
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 261737383 2190 58 36,832.48 129.56 36,787.92
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxxx 261411750 2191 361 10,817.33 80.92 10,761.37
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 257493469 2225 69 42,555.00 151.73 42,501.47
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 253272310 2234 1 34,560.00 114.20 34,525.55
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 257980377 2235 68 36,839.73 131.03 36,793.71
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 253192030 2241 30 33,906.42 115.49 33,869.18
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxx 42621819 2242 365 21,031.63 160.68 20,919.48
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 253112080 2243 48 31,388.21 109.11 31,351.53
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 256472031 2363 2 48,911.20 161.78 48,862.29
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxxxxxx, Xx 253258575 2373 365 18,127.41 138.52 18,030.72
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 258906857 2380 231 14,029.47 66.42 13,995.43
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 254116789 2381 60 15,257.87 53.74 15,239.34
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 258596265 2382 70 27,557.54 98.26 27,522.87
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 226130952 2383 16 15,589.44 52.31 15,573.11
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 254313018 2384 16 18,947.76 63.57 18,927.92
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 254888901 2440 33 51,943.95 177.51 51,886.31
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 252134375 2441 34 53,566.94 183.26 53,507.30
----------------------------------------------------------------------------------------------------------------------------
R E Dollar 254781695 2443 365 18,809.55 142.28 18,710.68
----------------------------------------------------------------------------------------------------------------------------
K Xxxxx 259042760 2450 365 20,587.87 157.31 20,478.07
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 258022648 2451 80 29,822.37 107.85 29,783.34
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 258701019 2452 124 37,714.77 145.17 37,656.63
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 257926266 2453 365 29,320.67 222.85 29,165.48
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx, Xx 262952256 2540 247 20,580.20 101.43 20,526.26
----------------------------------------------------------------------------------------------------------------------------
X X Xxxxxxxxx 264259984 2550 361 17,975.11 133.79 17,882.80
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx Xxxxxxx 263338161 2551 73 19,380.92 69.46 19,356.19
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 592207621 2552 2 20,629.42 68.23 20,608.80
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 264779569 2553 335 17,769.83 117.60 17,693.24
----------------------------------------------------------------------------------------------------------------------------
Perielathu Zachariah 590861656 2660 58 54,532.98 191.59 54,467.24
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 247335342 2661 35 72,612.11 247.86 72,531.82
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 263210261 2663 56 31,338.39 109.71 31,301.00
----------------------------------------------------------------------------------------------------------------------------
228
ATTACHMENT TO ANNEX C
Page 4
Xxxxxx Xxxxxxxx 264753536 2664 51 50,712.77 176.90 50,652.90
----------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 227949773 2665 207 5,035.76 23.01 5,024.37
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 418920450 180 34 32,787.80 140.64 32,722.82
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 424316186 182 46 29,689.31 102.96 29,654.86
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 424232314 191 34 36,357.13 129.64 36,311.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 419275950 197 38 32,923.51 113.14 32,886.35
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 423800832 198 12 40,093.02 191.18 39,994.36
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxxx 421179334 231 6 37,172.97 123.45 37,135.30
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 417111705 233 63 47,476.49 168.02 47,418.03
----------------------------------------------------------------------------------------------------------------------------
Xxxx Flower 422021988 235 63 21,966.54 102.75 21,914.48
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 424806807 236 40 25,032.57 144.72 24,945.62
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 419709985 237 191 39,125.32 169.51 39,046.10
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx Xxxxxxx 422868048 241 428 10,734.68 128.41 10,631.04
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 587088348 242 33 3,793.83 19.99 3,782.59
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxxx 421784669 243 40 20,393.39 99.73 20,340.72
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 416138274 244 40 28,168.78 137.39 28,096.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 421210260 245 176 36,796.03 154.81 36,726.13
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 428117566 380 16 41,942.89 140.73 41,898.95
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 421132706 382 198 23,933.06 143.94 23,844.35
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 427350088 383 61 34,752.86 123.45 34,709.61
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 587534029 385 46 15,248.15 62.74 15,220.60
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 461797749 386 41 49,861.60 174.55 49,802.12
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 587422097 395 283 9,703.32 99.97 9,625.74
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxxx 427619436 397 61 37,375.33 134.81 37,326.77
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 428572774 398 88 32,766.33 126.51 32,715.43
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 427239306 401 18 25,014.72 86.35 24,986.10
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 425434750 402 18 53,235.17 178.99 53,179.03
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 426492291 403 18 40,665.86 136.73 40,622.97
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 425353120 404 54 8,410.37 33.94 8,395.84
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxx Xxxxx 425112954 405 18 47,800.56 160.72 47,750.15
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 428191845 420 31 40,100.58 136.73 40,056.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 427179111 421 54 22,574.70 93.05 22,533.75
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx, Jr 428516381 500 79 33,459.03 120.84 33,415.40
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 421726352 501 31 31,427.18 107.16 31,392.54
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxxx 424046930 502 54 25,923.96 95.92 25,887.86
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 463137961 504 82 47,517.40 172.29 47,454.77
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 553358576 505 54 29,942.98 113.20 29,898.88
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 423198320 581 65 28,210.44 100.09 28,175.45
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 421159792 582 25 43,631.26 147.80 43,584.15
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 416133186 583 33 48,492.10 165.71 48,438.29
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 424628502 651 195 2,690.16 43.98 2,652.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxx 424154709 652 67 43,988.99 194.16 43,896.34
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 418212680 655 46 45,715.30 158.54 45,662.26
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 419317933 661 31 32,434.91 110.60 32,399.16
----------------------------------------------------------------------------------------------------------------------------
Council Xxxxxx 419046416 1030 182 29,456.00 125.37 29,398.61
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 230923942 1031 22 32,818.69 113.04 32,781.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxxxxxx 419908600 1032 132 23,026.08 89.74 22,989.48
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 421903548 1033 90 23,226.72 85.12 23,195.20
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxxx 421277553 1036 19 35,449.33 119.32 35,411.82
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 423907638 1037 121 36,740.76 140.77 36,684.78
----------------------------------------------------------------------------------------------------------------------------
229
ATTACHMENT TO ANNEX C
Page 5
Xxxxx Xxxxx 419968932 1203 225 33,372.75 155.63 33,294.13
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 418089183 1205 76 18,327.76 138.83 18,231.22
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 418607150 1212 62 26,165.79 96.82 26,129.35
----------------------------------------------------------------------------------------------------------------------------
Xxxx Faufhender 424902645 1213 22 49,299.97 228.44 49,185.30
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 422134438 1215 22 56,462.36 203.39 56,389.27
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxx 184564360 1217 127 52,548.80 203.22 52,466.85
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 422886316 1219 76 48,814.25 190.87 48,736.03
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 416296658 1226 161 28,469.92 116.99 28,418.63
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 416928484 1302 311 16,868.43 101.44 16,805.92
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 419966105 1306 90 44,750.36 174.70 44,678.93
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 422904225 1309 121 33,622.56 128.83 33,571.32
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 422961949 1320 67 45,967.92 176.67 45,897.33
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 420902458 1322 121 43,069.83 165.02 43,004.20
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxx 405644277 1326 127 32,311.69 124.95 32,261.31
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 424089436 1401 314 22,976.59 139.74 22,889.87
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 421843175 1402 16 35,384.17 118.72 35,347.11
----------------------------------------------------------------------------------------------------------------------------
Colon Xxxxxxxxxx 419587591 1403 192 40,195.52 174.51 40,113.77
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxxxxxx 424909704 1405 39 37,362.04 128.54 37,319.72
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 422905815 1406 204 33,620.11 149.65 33,548.04
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 426259934 1503 19 45,246.69 152.30 45,198.81
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 416661005 1504 19 32,836.69 127.58 32,784.89
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 416662199 1505 19 11,476.22 90.60 11,412.10
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxx 420215509 1506 19 39,268.24 132.17 39,226.69
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxxx Xxxxx E 424179298 1521 105 40,732.24 170.72 40,655.52
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxxxxx B 252477496 1522 118 36,992.11 141.09 36,936.39
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 418170159 1523 40 40,119.82 166.90 40,045.50
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 421063980 1524 40 30,981.57 123.97 30,929.10
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 283461052 1601 53 37,610.07 139.94 37,556.92
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 302785217 1603 8 63,842.25 214.66 63,774.92
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 56427652 1604 18 56,379.82 189.57 56,320.36
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx J 421987368 1605 39 47,861.86 216.80 47,755.51
----------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 420046330 1606 17 53,881.31 180.98 53,824.67
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 424904090 1642 130 39,684.62 155.92 39,620.28
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 416215701 1643 63 28,878.05 102.20 28,842.49
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 419904794 1644 130 24,014.73 100.28 23,969.87
----------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 420701727 1645 31 18,800.25 64.10 18,779.54
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 412413528 1646 65 27,903.96 108.42 27,859.93
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxxxx 424861021 1701 31 40,875.63 139.38 40,830.58
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 418505477 1702 31 41,806.02 142.55 41,759.95
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 423922901 1703 320 20,937.17 130.32 20,855.17
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxx 424848369 1704 90 24,931.32 91.36 24,897.49
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 408720180 1721 210 30,662.95 138.29 30,595.42
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 417118472 1722 31 58,367.59 199.02 58,303.26
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx G 417546746 1723 169 16,281.17 67.60 16,251.14
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Jaharus 342561951 1724 17 52,897.63 177.67 52,842.03
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 425195877 1731 34 58,599.32 200.47 58,534.08
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx Jr 575291860 1732 51 37,163.52 144.17 37,105.11
----------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 420130313 1733 31 38,772.72 132.21 38,729.99
----------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxxxxx M 550119960 1734 105 28,734.94 119.98 28,681.27
----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 422085070 1901 41 39,203.54 135.18 39,158.83
----------------------------------------------------------------------------------------------------------------------------
230
Attachment to Annex C
Page 6
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 421270971 1902 51 28,370.23 98.96 28,336.74
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx, Xxxx 423885654 1903 492 1,706.27 60.35 1,649.86
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 423338083 1911 25 28,726.64 97.31 28,695.62
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 418923861 1912 50 33,961.14 122.02 33,917.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxxx, Xxxxxxx W 424947094 1913 130 35,166.61 136.63 35,111.13
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxx 265191983 1914 41 28,422.67 98.01 28,390.25
-------------------------------------------------------------------------------------------------------------------------------
Xxx X Xxxx 421728829 2080 91 36,652.20 134.68 36,602.10
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxx 416927756 2900 32 37,915.55 140.49 37,862.56
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 127609396 2901 36 40,531.96 156.21 40,469.29
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 416841534 2903 126 39,365.93 152.00 39,304.77
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxx 419258145 2904 87 37,303.23 150.87 37,238.44
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxx 417195675 2905 200 28,498.46 125.78 28,438.45
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 422900655 2906 167 42,046.59 173.95 41,969.67
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 423580003 3010 84 38,812.27 141.09 38,760.75
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 263516518 3011 122 32,539.92 124.87 32,490.14
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 417085864 3012 182 41,149.50 175.13 41,069.33
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 421133339 3014 24 22,167.80 172.13 22,046.83
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 417235596 3015 24 25,130.46 91.00 25,097.45
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 418966729 3016 25 38,958.99 131.97 38,916.93
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 423826374 3112 72 43,402.20 155.34 43,347.02
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Glliam, Jr 418905900 3113 16 39,756.73 133.39 39,715.09
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 256135210 3114 21 53,438.50 180.25 53,381.57
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 418115846 3210 24 34,030.73 155.53 33,953.73
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxx 420901287 3212 86 38,890.42 141.75 38,838.42
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 419929188 3213 18 42,729.62 143.67 42,684.56
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X. Xxxxxxxx 422351772 3214 24 37,928.32 138.43 37,877.42
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 416170794 3216 24 55,950.66 216.71 55,863.07
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 419968773 3500 14 28,704.12 105.77 28,664.59
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 417087046 3501 8 33,361.56 113.63 33,324.92
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxx Xxxxxx 418271092 3502 20 28,346.93 99.71 28,312.64
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxx 416274983 3504 90 25,846.80 164.75 25,741.70
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 238802857 3101 319 23,015.54 142.68 22,925.97
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxxxxx 147725865 3102 23 31,138.29 105.26 31,104.89
-------------------------------------------------------------------------------------------------------------------------------
X X Xxxxxxx, Xx 409296093 3103 19 47,445.74 159.70 47,395.53
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxx 230063795 3104 23 26,185.15 26,245.58 0.00
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxx 413705913 3107 319 23,512.74 145.75 23,421.25
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 412132464 3108 23 36,464.13 225.18 36,323.10
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 410431430 3210 9 43,938.00 146.36 43,893.04
-------------------------------------------------------------------------------------------------------------------------------
Xxx X Xxxxxxx 412846768 3211 33 27,639.02 94.45 27,608.35
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx X Xxxxxx 413391303 3212 21 61,512.65 207.48 61,447.12
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 411576629 3213 18 47,005.49 160.63 46,953.33
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxx 408219251 3214 33 45,010.21 153.81 44,960.27
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 410531597 3215 33 48,753.27 166.60 48,699.18
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 411270719 3217 4 27,423.57 90.89 27,395.97
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 411044768 3218 33 35,746.74 122.16 35,707.07
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx S York 514441456 3310 82 32,580.65 118.13 32,537.71
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxx 411883542 3311 33 38,041.31 130.00 37,999.10
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 370844611 3312 33 40,360.16 137.92 40,315.38
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 409510614 3313 10 43,469.88 144.95 43,425.25
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 411045633 3315 33 55,442.54 189.46 55,381.02
-------------------------------------------------------------------------------------------------------------------------------
231
Attachment to Annex C
Page 7
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxx 412748058 3316 33 48,316.10 165.11 48,262.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 413371461 3330 9 22,076.06 75.44 22,051.56
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 414027847 3332 9 35,133.35 120.06 35,094.37
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx, Xx 411707982 3333 9 38,919.56 132.56 38,876.81
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 415397604 3334 9 48,710.04 166.46 48,655.99
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxxx 227239275 3400 1 28,491.00 94.14 28,462.61
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxxx 409130316 3401 79 29,542.95 106.70 29,504.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxxx 408290019 3402 19 23,767.02 80.00 23,741.87
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 412497052 3403 313 19,413.66 117.63 19,340.83
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 409233270 3404 10 44,422.15 148.13 44,376.53
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 412517100 3405 32 32,806.00 111.98 32,769.73
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 413889047 3430 167 26,673.43 117.73 26,617.25
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 413981499 3431 167 21,288.49 131.97 21,205.65
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxx 414198865 3500 51 43,216.43 156.28 43,159.88
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxxx 413431484 3501 44 33,931.30 117.40 33,892.20
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx, Xx 413044137 3502 1 27,798.00 91.85 27,770.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxx 239041530 3503 4 30,047.67 99.59 30,017.42
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxx 227253300 3504 75 23,843.04 85.66 23,812.40
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxx 409894741 3505 4 32,485.37 107.66 32,452.68
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 256087135 100 59 44,199.54 155.67 44,145.87
-------------------------------------------------------------------------------------------------------------------------------
A Xxxxxxxx Ii 255612566 101 108 29,461.66 110.73 29,418.92
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 259848969 102 55 31,812.13 137.00 31,748.54
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 256489957 103 187 15,028.40 97.37 14,965.71
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 252842995 104 187 14,340.79 92.55 14,281.33
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx X. Xxxxxxx 414373094 105 76 31,945.69 114.92 31,904.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 259459920 106 128 40,162.18 155.56 40,099.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 427433206 205 149 31,197.05 125.03 31,144.01
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxxx 414371565 206 330 14,286.61 92.59 14,226.99
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxxx Jr 257276489 208 39 42,327.78 145.62 42,279.84
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 75481174 211 70 41,182.00 177.35 41,099.69
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 257743158 214 188 36,453.09 156.99 36,380.22
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx E 414803954 324 48 29,694.39 114.48 29,648.44
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxx 415969140 325 79 31,364.12 113.27 31,323.23
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 296525024 326 138 22,837.48 89.88 22,800.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx, Xx 408255239 327 40 32,781.90 112.91 32,744.64
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxxx 414987670 331 41 18,871.73 84.01 18,831.27
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx L 410646916 332 357 21,682.52 158.96 21,573.60
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 260474074 335 27 27,537.23 93.49 27,507.29
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx R. Jr 412377736 337 41 20,175.04 147.90 20,073.70
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxx 253319816 420 19 50,299.67 176.51 50,239.24
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 253946049 422 19 43,394.49 281.19 43,213.44
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 254596757 423 19 35,596.68 119.81 35,559.02
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 253080951 429 24 43,425.86 156.22 43,369.85
-------------------------------------------------------------------------------------------------------------------------------
Trance Xxxxxxx 259471009 431 19 33,936.07 124.87 33,889.51
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 258297651 432 19 40,624.89 136.74 40,581.90
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx Xx 255110795 435 57 62,091.57 218.15 62,016.71
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxxxxx 429435377 436 132 33,122.04 129.10 33,069.38
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 253436180 437 117 32,517.57 123.85 32,468.76
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 255235959 438 6 49,520.81 164.46 49,470.63
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 587440325 439 104 37,625.56 140.60 37,571.79
-------------------------------------------------------------------------------------------------------------------------------
232
Attachment to Annex C
Page 8
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 415068835 440 176 35,131.96 147.80 35,065.23
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxx 252316168 441 151 19,379.27 124.02 19,299.97
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 258682089 521 330 21,110.68 136.80 21,022.60
-------------------------------------------------------------------------------------------------------------------------------
J Xxxxx 258438418 522 135 30,490.22 119.41 30,441.17
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 253413430 523 101 46,991.90 174.85 46,925.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 255275433 524 108 39,238.79 147.47 39,181.87
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 257066177 525 171 29,666.80 123.65 29,611.61
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 259477246 526 80 37,554.58 135.81 37,505.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 263491186 532 23 51,467.25 173.97 51,412.05
-------------------------------------------------------------------------------------------------------------------------------
Xxx X Xxxxxxxx 260788935 533 19 29,560.00 190.75 29,437.47
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 278663544 534 19 30,010.54 166.66 29,913.14
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 252652696 535 61 28,379.03 148.21 28,296.31
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 257317205 536 13 42,587.84 142.45 42,543.67
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 256022840 538 89 34,439.22 140.95 34,377.75
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx Xxxxxx 252299005 539 89 46,139.89 178.15 46,068.22
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 253112461 600 13 47,527.28 158.97 47,477.99
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 257112433 601 330 21,974.30 142.38 21,882.63
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 254765782 603 330 20,692.52 134.09 20,606.18
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 253947325 604 22 39,438.07 148.44 39,380.64
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 257453217 605 8 47,269.78 175.15 47,203.71
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxxxx 260132480 606 46 25,278.37 113.25 25,223.45
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 61587842 724 107 50,609.76 189.93 50,536.62
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 243985298 731 77 29,996.25 108.05 29,957.42
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 255900685 735 6 31,561.22 104.81 31,529.24
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 250499359 901 44 12,185.98 42.16 12,171.94
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 256868623 902 165 8,605.06 37.43 8,587.49
-------------------------------------------------------------------------------------------------------------------------------
Maverick Xxxxxxx 247085624 903 165 11,749.34 48.43 11,728.02
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx Xx 253849092 906 122 17,970.77 68.96 17,943.28
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 253297148 907 93 25,988.51 95.63 25,952.85
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 250275743 908 102 17,682.40 65.89 17,657.32
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 256552892 909 53 16,716.80 64.65 16,690.73
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxx 471882238 910 20 16,857.67 56.80 16,839.77
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 252337751 913 29 21,854.99 74.36 21,831.06
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 254842748 1001 10 4,913.98 32.81 4,892.51
-------------------------------------------------------------------------------------------------------------------------------
Xxx X Xxxxxxxxx 258709107 1002 10 21,076.17 83.35 21,041.46
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 258536083 1003 10 35,966.82 150.46 35,899.36
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 255355607 1004 10 37,961.28 149.39 37,899.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 254842983 1005 188 35,026.95 150.84 34,956.94
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx, Xx 238378870 1006 47 35,517.03 123.32 35,475.67
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 255708404 1007 307 10,096.26 59.82 10,059.74
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 260538372 1008 8 58,873.52 195.91 58,813.47
-------------------------------------------------------------------------------------------------------------------------------
Xxx X Xxxxxx 253274646 1103 248 25,899.38 151.85 25,807.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 258598490 1104 106 44,228.63 165.74 44,164.96
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 254694182 1105 1 65,670.00 216.99 65,604.56
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 252049232 1107 71 43,331.09 168.09 43,262.99
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 260612753 1108 47 50,706.34 176.05 50,647.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 252277725 1109 50 47,180.92 164.39 47,125.41
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxx 255492321 1110 129 14,151.34 66.19 14,117.81
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 256069390 1111 71 35,810.41 128.01 35,765.04
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxx Xxxxxx 260512457 1113 37 55,043.42 188.94 54,981.50
-------------------------------------------------------------------------------------------------------------------------------
233
Attachment to Annex C
Page 9
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Head 259021094 1114 20 30,067.21 101.31 30,035.29
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 254513365 1122 248 21,757.36 129.90 21,677.67
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxx 259841674 1123 46 29,168.83 129.29 29,106.85
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 254848702 1201 52 29,299.51 171.18 29,195.94
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 255867758 1202 52 25,036.17 110.04 24,983.91
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 255355734 1203 136 30,609.34 131.55 30,548.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 260703700 1204 337 16,646.84 111.12 16,574.14
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 430708061 1205 52 17,522.81 116.99 17,446.26
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 257769959 1206 136 14,851.94 98.72 14,787.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 248909508 1207 54 27,009.29 94.55 26,977.07
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 483561604 1210 193 26,464.43 115.12 26,410.38
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 266418474 1213 37 30,226.54 103.76 30,192.53
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 259768977 1214 46 43,023.55 155.18 42,967.66
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 259497938 1215 46 30,716.01 120.49 30,666.40
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 260410626 1216 30 28,850.25 98.26 28,818.57
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx Xxxx 215700287 1309 54 39,812.70 139.38 39,765.20
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 417909331 1310 50 17,235.25 83.22 17,191.80
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 258049082 1311 50 30,247.67 161.77 30,155.70
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx Xxxxx 252293632 1312 40 58,685.37 202.12 58,618.68
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 255780564 1313 117 20,961.42 139.94 20,869.85
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 214421053 1314 31 54,064.84 184.35 54,005.25
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 257863287 1315 121 39,893.67 152.86 39,832.87
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxx Xxxxxxx 259595612 1316 50 48,432.85 168.75 48,375.87
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 256805672 1402 337 3,878.30 25.91 3,861.34
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 252944059 1405 122 14,874.02 99.31 14,809.03
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 252805499 1407 336 32,421.00 215.52 32,280.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 260379745 1408 337 26,109.14 174.30 25,995.09
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 184342453 1411 337 17,039.45 113.77 16,965.00
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 255391323 1415 50 26,208.32 108.83 26,159.97
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 260375936 1501 282 30,336.85 165.28 30,241.58
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxx 257788255 1502 337 24,779.68 165.45 24,671.41
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 258802147 1503 337 19,305.46 128.89 19,221.12
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 259988448 1504 337 21,356.96 142.58 21,263.67
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 253375001 1505 337 22,908.87 152.96 22,808.78
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 341662397 1506 159 33,342.46 135.97 33,283.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxx 257611351 1507 170 32,438.50 134.95 32,378.41
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 255294997 1508 231 40,494.09 191.68 40,395.86
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Renew 257826841 1610 234 30,291.14 144.44 30,216.60
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 255880656 1611 61 35,827.90 126.49 35,784.09
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxx Xxxxx 256452968 1612 20 32,273.81 108.74 32,239.55
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxxx 260926533 1613 137 34,338.58 134.91 34,282.91
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 252199602 1614 86 31,009.16 175.64 30,905.08
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 255312820 1615 283 27,495.40 150.74 27,408.11
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx York 414479324 1701 1 36,844.00 121.74 36,807.28
-------------------------------------------------------------------------------------------------------------------------------
Xxx X Xxxx 242867463 1702 161 18,401.22 121.80 18,321.88
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 257725590 1705 113 16,242.92 108.44 16,171.96
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx Xxxxxx 253539991 1706 36 54,093.34 185.47 54,032.70
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 257028786 1707 337 22,189.12 148.13 22,092.20
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 412351756 1709 34 40,064.28 137.06 40,019.68
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxx 413214274 1801 32 27,530.39 93.97 27,499.95
-------------------------------------------------------------------------------------------------------------------------------
234
Attachment to Annex C
Page 10
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxx 413026016 1802 85 38,252.38 139.24 38,201.41
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxxx 418081999 1803 32 37,065.21 126.52 37,024.23
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx Xxxx 420648255 1805 32 28,633.77 97.74 28,602.11
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx Xxxxxx 414290200 1807 32 24,636.05 84.09 24,608.81
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 411903194 1809 6 23,700.74 78.71 23,676.72
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx Xx 409908379 1810 32 38,613.94 131.81 38,571.24
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X. Xxxxxx 270766453 1911 32 41,043.77 140.10 40,998.39
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 557252751 1912 32 54,779.76 186.99 54,719.18
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 415024261 1913 6 26,496.70 87.99 26,469.86
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 7682841 1915 32 22,893.36 78.15 22,868.04
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx Xxxxx 412021944 1920 32 10,541.77 35.98 10,530.12
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 260980401 1921 15 16,887.38 56.60 16,869.75
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 401021997 1922 32 14,636.37 49.96 14,620.19
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X. Xxxxxxx 415575936 1923 32 24,084.16 82.21 24,057.53
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxx 414411750 1924 32 22,438.61 76.59 22,413.80
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 414377487 1925 6 14,586.62 48.44 14,571.84
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx T Xxxxx 412197292 1926 32 11,596.64 39.59 11,583.81
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 415196528 1930 32 37,481.50 127.94 37,440.06
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx Xxxx 412250646 1931 32 18,518.12 63.21 18,497.64
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxx 414431746 1932 16 20,937.01 70.25 20,915.08
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 408111783 1933 15 26,972.42 90.41 26,944.25
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 409291913 1934 52 21,818.22 88.36 21,780.21
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X. Xxxx 262735108 2001 32 21,073.78 71.93 21,050.48
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx X Xxxxxxxx 412331594 2002 32 14,345.94 48.97 14,330.08
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxx 261316386 2003 32 25,768.49 87.96 25,740.00
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 411889688 2004 32 33,890.18 115.68 33,852.71
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 409041768 2007 32 23,793.72 81.22 23,767.41
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxx 139605848 2008 7 23,130.06 76.89 23,106.55
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 257617668 2009 32 27,733.46 94.67 27,702.79
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxx 411311264 2010 32 26,513.99 90.50 26,484.68
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 424563450 2101 171 20,910.94 137.81 20,821.39
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx, Xx 259882319 2102 47 36,564.12 126.95 36,521.55
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 29307211 2104 330 15,766.78 102.17 15,700.99
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx 260705414 2105 334 20,988.91 138.33 20,899.02
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 239968591 2106 15 59,012.11 197.80 58,950.49
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 253986250 2107 64 33,226.92 117.74 33,185.86
-------------------------------------------------------------------------------------------------------------------------------
Jimmy R Henderson 259862539 2301 334 23,457.27 154.60 23,356.80
-------------------------------------------------------------------------------------------------------------------------------
Malcolm Downing 132589846 2302 8 42,211.35 140.47 42,168.29
-------------------------------------------------------------------------------------------------------------------------------
Mitchell Descoteau 612093667 2303 6 49,102.93 163.07 49,053.17
-------------------------------------------------------------------------------------------------------------------------------
Scott A Cottrill 293566741 2304 63 49,240.77 174.27 49,180.13
-------------------------------------------------------------------------------------------------------------------------------
Paul Leggett 254332993 2305 51 26,526.53 129.38 26,458.37
-------------------------------------------------------------------------------------------------------------------------------
James H Parker 260270708 2306 122 14,488.05 95.48 14,426.00
-------------------------------------------------------------------------------------------------------------------------------
Joseph Emory 255067013 2310 6 40,934.04 135.94 40,892.56
-------------------------------------------------------------------------------------------------------------------------------
William A Gattis Jr 258597238 2311 133 15,370.68 73.61 15,332.54
-------------------------------------------------------------------------------------------------------------------------------
Michael Forney 460558519 2314 82 45,622.44 165.41 45,562.31
-------------------------------------------------------------------------------------------------------------------------------
Al Gattis 255803904 2315 12 38,434.02 128.42 38,394.29
-------------------------------------------------------------------------------------------------------------------------------
John S Bowles 255944362 2501 55 40,774.32 142.91 40,725.50
-------------------------------------------------------------------------------------------------------------------------------
Cheryl D Johnston 427922374 2502 346 17,524.11 121.83 17,442.72
-------------------------------------------------------------------------------------------------------------------------------
Larry E Hamby 259863756 2503 218 24,672.12 171.52 24,557.54
-------------------------------------------------------------------------------------------------------------------------------
Joseph Phagan 259174299 2504 146 26,183.31 104.42 26,139.31
-------------------------------------------------------------------------------------------------------------------------------
235
ATTACHMENT TO ANNEX C
Page 11
Mike Cook 258728955 2505 179 24,122.78 102.07 24,076.38
-------------------------------------------------------------------------------------------------------------------
Michael B Smith Sr 259027116 2506 13 30,881.40 103.29 30,849.37
-------------------------------------------------------------------------------------------------------------------
Robert Jenkins 259270475 2507 133 27,245.51 106.37 27,202.01
-------------------------------------------------------------------------------------------------------------------
James Pitts 257807109 2508 66 30,946.68 157.53 30,860.57
-------------------------------------------------------------------------------------------------------------------
Michael Todd 256198096 2509 1 35,990.00 118.92 35,954.13
-------------------------------------------------------------------------------------------------------------------
Timothy R Mccormick 422254106 2510 66 48,779.32 173.28 48,718.61
-------------------------------------------------------------------------------------------------------------------
James H Davis 258909791 2512 66 35,031.21 124.44 34,987.61
-------------------------------------------------------------------------------------------------------------------
Mike E Pruitt 253293026 2601 96 19,108.33 125.40 19,027.03
-------------------------------------------------------------------------------------------------------------------
John Seay 255725553 2602 96 45,913.88 177.83 45,842.01
-------------------------------------------------------------------------------------------------------------------
Eric Middleton 557611700 2603 96 31,328.43 124.31 31,276.42
-------------------------------------------------------------------------------------------------------------------
Joe Ray 257864713 2604 178 15,769.01 104.37 15,701.03
-------------------------------------------------------------------------------------------------------------------
Robert E Mimna 162486131 2605 114 42,244.34 277.21 42,064.62
-------------------------------------------------------------------------------------------------------------------
Timothy A Firebaugh 254319352 2606 8 24,839.02 163.00 24,733.34
-------------------------------------------------------------------------------------------------------------------
Michael Tedesco 144585234 2607 25 66,273.44 232.29 66,194.09
-------------------------------------------------------------------------------------------------------------------
Robin C Horton 253982061 2608 96 27,721.60 181.92 27,603.65
-------------------------------------------------------------------------------------------------------------------
Martin A Paine 256965362 2701 16 49,457.05 165.94 49,405.24
-------------------------------------------------------------------------------------------------------------------
Charles A Straub 49540549 2702 176 22,436.93 147.87 22,340.84
-------------------------------------------------------------------------------------------------------------------
Robert W Huff 253865340 2703 65 44,807.29 158.97 44,751.72
-------------------------------------------------------------------------------------------------------------------
Patrick Kaliher 265516141 2704 48 48,308.16 171.60 48,248.04
-------------------------------------------------------------------------------------------------------------------
Sam English 252195677 2705 178 25,601.90 168.73 25,492.25
-------------------------------------------------------------------------------------------------------------------
Gregory C Heeter 305925555 2707 45 35,198.90 121.93 35,158.20
-------------------------------------------------------------------------------------------------------------------
Benjamin Gifford 252638956 2709 120 41,907.35 160.32 41,843.74
-------------------------------------------------------------------------------------------------------------------
Alfred Foster 254218951 2710 77 32,144.76 128.84 32,090.10
-------------------------------------------------------------------------------------------------------------------
James Heeter 313504620 2711 96 37,116.09 142.00 37,059.74
-------------------------------------------------------------------------------------------------------------------
David Brown 256556009 2801 77 30,947.80 120.06 30,899.16
-------------------------------------------------------------------------------------------------------------------
Joseph E Lee 260723210 2802 48 28,803.89 189.82 28,680.54
-------------------------------------------------------------------------------------------------------------------
William Skeen 252398528 2803 193 31,333.35 136.30 31,269.36
-------------------------------------------------------------------------------------------------------------------
Johnny Johnson 258331002 2804 171 17,097.30 112.67 17,024.09
-------------------------------------------------------------------------------------------------------------------
Jerry R Wiley 256632790 2805 241 24,992.45 135.25 24,914.87
-------------------------------------------------------------------------------------------------------------------
Abdimalik S M Abdi 256899267 2807 26 65,293.41 221.42 65,222.67
-------------------------------------------------------------------------------------------------------------------
Robert Vollmer 219383542 2808 188 13,343.57 57.46 13,316.90
-------------------------------------------------------------------------------------------------------------------
Ronald E Nesmith 255478227 2902 27 24,091.80 119.99 24,027.41
-------------------------------------------------------------------------------------------------------------------
Donnie Warren 254310509 2904 27 15,489.67 87.45 15,437.97
-------------------------------------------------------------------------------------------------------------------
William A Davis 332686986 2905 24 45,057.72 242.45 44,919.25
-------------------------------------------------------------------------------------------------------------------
Gary S Titshaw 252909238 2906 31 45,856.81 156.36 45,806.27
-------------------------------------------------------------------------------------------------------------------
Gary Rounsaville 414216279 2907 19 42,920.21 144.46 42,874.80
-------------------------------------------------------------------------------------------------------------------
Emory Sharpton 254275121 2908 51 15,421.54 80.54 15,376.59
-------------------------------------------------------------------------------------------------------------------
Stephen Floyd 258139573 2911 12 44,125.14 147.44 44,079.53
-------------------------------------------------------------------------------------------------------------------
Jeffrey P Dodson 254514829 3003 6 46,635.38 154.87 46,588.13
-------------------------------------------------------------------------------------------------------------------
Eric Carne 259395480 3004 262 21,089.02 108.27 21,029.42
-------------------------------------------------------------------------------------------------------------------
Russell W Dudley 48641069 3005 39 45,449.24 156.36 45,397.76
-------------------------------------------------------------------------------------------------------------------
Dwayne D Spencer 253453597 3006 31 74,667.46 254.60 74,585.17
-------------------------------------------------------------------------------------------------------------------
Salahaldin Abdallah-Aljaber 263771799 3007 27 51,063.06 175.28 51,005.62
-------------------------------------------------------------------------------------------------------------------
William C Hammond 414433181 3009 36 33,941.96 116.38 33,903.91
-------------------------------------------------------------------------------------------------------------------
Jeffery W Durham 419130322 3201 70 36,346.31 129.76 36,300.43
-------------------------------------------------------------------------------------------------------------------
Durham Jerry L 423529149 3204 261 27,003.63 140.21 26,925.74
-------------------------------------------------------------------------------------------------------------------
Leigh A Durham 437438693 3205 83 26,674.36 97.10 26,638.82
-------------------------------------------------------------------------------------------------------------------
Segrest Gene 416626874 3211 76 17,356.96 110.19 17,286.82
-------------------------------------------------------------------------------------------------------------------
Patrick M Borders 418025850 3214 40 26,536.30 91.40 26,506.14
-------------------------------------------------------------------------------------------------------------------
Bryan Battles 423177314 3301 37 40,372.95 138.58 40,327.54
===================================================================================================================
236
ATTACHMENT TO ANNEX C
Page 12
James D Langley Jr 420177886 3303 71 28,988.78 103.62 28,952.06
-------------------------------------------------------------------------------------------------------------------
Hall, Jimmy Louis 424804815 3304 493 2,164.71 76.20 2,093.51
-------------------------------------------------------------------------------------------------------------------
Hall Gerald G 417946037 3305 76 25,864.01 102.45 25,821.25
-------------------------------------------------------------------------------------------------------------------
Evans Ordie 424526718 3307 76 4,726.54 174.50 4,562.95
-------------------------------------------------------------------------------------------------------------------
Craig D Kuykendall 419922759 3330 127 33,709.04 130.35 33,656.48
-------------------------------------------------------------------------------------------------------------------
Donald H Morgan 419709156 3331 71 26,918.08 96.22 26,883.98
-------------------------------------------------------------------------------------------------------------------
Carpenter Steve O 421949210 3401 159 33,423.60 136.30 33,364.43
-------------------------------------------------------------------------------------------------------------------
Christopher R Bullard 418941134 3403 24 46,129.13 156.10 46,079.48
-------------------------------------------------------------------------------------------------------------------
Douglas E Holland 570154481 3404 34 40,199.28 137.53 40,154.52
-------------------------------------------------------------------------------------------------------------------
Earl Lybrand 418949533 3405 99 38,649.38 143.41 38,595.16
-------------------------------------------------------------------------------------------------------------------
Thomas R Bullard 419629799 3420 64 41,477.45 146.98 41,426.19
-------------------------------------------------------------------------------------------------------------------
Michael E Shankles 408112148 3431 36 27,408.21 93.97 27,377.49
-------------------------------------------------------------------------------------------------------------------
Jeffrey B Littlejohn 252518318 3501 74 42,433.37 152.26 42,379.03
-------------------------------------------------------------------------------------------------------------------
Vincente Reyna 265736847 3503 13 40,197.18 134.45 40,155.49
-------------------------------------------------------------------------------------------------------------------
Sammuel L Mann 227277292 3504 20 49,700.21 167.46 49,647.44
-------------------------------------------------------------------------------------------------------------------
Russell E Kendall 445469668 3506 1 54,110.00 178.80 54,056.07
-------------------------------------------------------------------------------------------------------------------
Westerfield David 267869527 3507 357 17,726.46 129.96 17,637.41
-------------------------------------------------------------------------------------------------------------------
John J Waller Sr 257663561 3508 57 28,168.12 98.96 28,134.16
-------------------------------------------------------------------------------------------------------------------
Gordon T Erickson 98443540 3509 37 39,150.18 134.39 39,106.14
-------------------------------------------------------------------------------------------------------------------
William D Vandagriff 412940893 3603 7 55,156.24 183.36 55,100.16
-------------------------------------------------------------------------------------------------------------------
Crowder, David A 252354195 3604 65 9,664.66 70.85 9,616.11
-------------------------------------------------------------------------------------------------------------------
Miles E Burnham 253356096 3605 31 42,377.74 144.50 42,331.03
-------------------------------------------------------------------------------------------------------------------
Newsome Phillip A 413255635 3606 65 20,914.72 107.36 20,855.62
-------------------------------------------------------------------------------------------------------------------
James H Mcwilliams 409614268 3607 74 22,238.71 79.80 22,210.23
-------------------------------------------------------------------------------------------------------------------
Randall Burnham 256457557 3608 13 33,444.15 113.54 33,407.79
-------------------------------------------------------------------------------------------------------------------
Oneal John Timothy 412236839 3701 159 22,775.86 92.88 22,735.54
-------------------------------------------------------------------------------------------------------------------
Sharp Micheal G 415902104 3702 231 18,962.70 78.28 18,928.18
-------------------------------------------------------------------------------------------------------------------
Johnny W Denton 414060962 3703 26 26,698.01 90.54 26,669.08
-------------------------------------------------------------------------------------------------------------------
Chip Ingram Jr 417138517 3704 8 30,037.48 99.96 30,006.84
-------------------------------------------------------------------------------------------------------------------
Ricky L Botts 415023569 3705 16 34,162.87 114.63 34,127.08
-------------------------------------------------------------------------------------------------------------------
Alan Tiller 414083240 3706 41 29,257.68 108.87 29,216.33
-------------------------------------------------------------------------------------------------------------------
Samuel C Hutcheson 590341819 3707 36 20,228.25 69.36 20,205.57
-------------------------------------------------------------------------------------------------------------------
Bowen John L 467960319 3721 357 11,238.49 82.71 11,181.71
-------------------------------------------------------------------------------------------------------------------
Parker David L 415746361 3722 76 7,743.83 56.77 7,704.93
-------------------------------------------------------------------------------------------------------------------
Wilson Donald S 415299019 3723 357 17,716.59 89.94 17,667.53
-------------------------------------------------------------------------------------------------------------------
Charles R Hardaway 413923858 3807 32 34,848.24 118.96 34,809.70
-------------------------------------------------------------------------------------------------------------------
Jason Hart 414259561 3809 32 31,924.92 108.98 31,889.61
-------------------------------------------------------------------------------------------------------------------
Michael E Mayo 415922850 3810 32 34,016.03 116.11 33,978.42
-------------------------------------------------------------------------------------------------------------------
Michael White 252981604 3813 32 21,325.42 72.79 21,301.84
-------------------------------------------------------------------------------------------------------------------
Terry Adams 550311442 3814 32 38,972.19 133.03 38,929.10
-------------------------------------------------------------------------------------------------------------------
James L Cherry 223940410 3815 32 13,900.62 47.45 13,885.25
-------------------------------------------------------------------------------------------------------------------
Donald C Barnes 410271480 3816 32 34,635.37 118.23 34,597.07
-------------------------------------------------------------------------------------------------------------------
Malinda C Baggett 413238020 3901 32 29,320.99 100.09 29,288.56
-------------------------------------------------------------------------------------------------------------------
Steve L White 421316042 3902 32 9,389.76 32.05 9,379.38
-------------------------------------------------------------------------------------------------------------------
Scott D Sutton 411294944 3910 20 12,121.05 40.84 12,108.18
-------------------------------------------------------------------------------------------------------------------
Samuel J Malone, Sr 415723548 3911 6 26,954.41 89.51 26,927.10
-------------------------------------------------------------------------------------------------------------------
Christopher Brewer 415296540 3912 32 20,967.13 71.57 20,943.95
-------------------------------------------------------------------------------------------------------------------
Gary Hull 513601467 141 69 19,057.80 118.14 18,983.64
-------------------------------------------------------------------------------------------------------------------
Scott J Andrepont 433396419 142 83 34,822.48 126.42 34,776.42
-------------------------------------------------------------------------------------------------------------------
Cody J Desormeaux 435652202 144 43 30,432.48 105.18 30,397.53
===================================================================================================================
237
Attachment to Annex C
Page 13
Tommy Stout 437628984 145 243 20,810.92 101.51 20,757.44
-------------------------------------------------------------------------------------------------------------------
Randy D Pacetti 433882955 146 22 27,835.09 151.65 27,747.67
-------------------------------------------------------------------------------------------------------------------
Derby Doucet 438924063 147 74 5,833.76 38.44 5,808.78
-------------------------------------------------------------------------------------------------------------------
Douglas J Matt 437042867 149 36 54,048.95 185.32 53,988.36
-------------------------------------------------------------------------------------------------------------------
Reginald Joubert 437630520 200 54 31,881.56 121.06 31,834.07
-------------------------------------------------------------------------------------------------------------------
John B Pousson 434069179 202 2 39,021.07 129.07 38,982.05
-------------------------------------------------------------------------------------------------------------------
David Morin 2389716 204 30 20,581.96 187.15 20,442.31
-------------------------------------------------------------------------------------------------------------------
Anthony L Miller 436029350 210 198 27,101.98 119.12 27,045.40
-------------------------------------------------------------------------------------------------------------------
Robert C Monceaux 389707013 212 426 965.63 108.16 859.70
-------------------------------------------------------------------------------------------------------------------
Nelson T Soileau, Jr 435471679 214 54 25,116.36 179.64 24,994.68
-------------------------------------------------------------------------------------------------------------------
John A Alloway Jr 451492479 222 138 45,801.80 180.25 45,727.25
-------------------------------------------------------------------------------------------------------------------
David W Yancy 439591478 223 59 24,150.09 85.05 24,120.77
-------------------------------------------------------------------------------------------------------------------
Chad J Hollie 434376140 224 67 39,790.88 141.52 39,741.19
-------------------------------------------------------------------------------------------------------------------
Gregory Lejeune 434291965 312 18 6,978.01 58.74 6,935.37
-------------------------------------------------------------------------------------------------------------------
Mark W Bueche 437216871 313 235 29,065.32 138.95 28,993.44
-------------------------------------------------------------------------------------------------------------------
Ronnie Ard 436357120 315 74 40,186.31 144.20 40,134.85
-------------------------------------------------------------------------------------------------------------------
Prentice J Kraemer 433216971 318 205 33,924.62 151.34 33,851.57
-------------------------------------------------------------------------------------------------------------------
Norman Williams 434631744 370 22 50,142.55 169.31 50,088.95
-------------------------------------------------------------------------------------------------------------------
Thaddeus J Boudwin 437255430 371 245 20,322.87 115.32 20,254.45
-------------------------------------------------------------------------------------------------------------------
Ray A Zeringue 438470958 372 205 14,398.07 217.28 14,214.02
-------------------------------------------------------------------------------------------------------------------
Gary Boudwin 435067904 375 171 12,572.54 74.51 12,527.04
-------------------------------------------------------------------------------------------------------------------
Ronnie Venable 436336627 470 17 48,185.30 178.29 48,118.21
-------------------------------------------------------------------------------------------------------------------
Bobby D Fontenot 433272423 471 7 44,302.39 152.24 44,252.39
-------------------------------------------------------------------------------------------------------------------
Troy A Mouton 433494683 476 53 43,460.55 151.97 43,408.87
-------------------------------------------------------------------------------------------------------------------
Tommy Poirier 439191869 481 156 36,947.00 191.29 36,840.97
-------------------------------------------------------------------------------------------------------------------
John T Parrett 425920936 484 517 654.49 164.21 491.79
-------------------------------------------------------------------------------------------------------------------
Chris A Lyons 434044223 485 41 4,645.30 45.69 4,610.33
-------------------------------------------------------------------------------------------------------------------
Bryan D Thibodeaux 438436542 486 17 50,811.94 170.67 50,758.53
-------------------------------------------------------------------------------------------------------------------
Casey M Dohman 435398455 487 44 42,077.31 145.59 42,028.82
-------------------------------------------------------------------------------------------------------------------
Kevin S Maynard 436392288 506 212 32,622.75 159.11 32,538.92
-------------------------------------------------------------------------------------------------------------------
Thomas Cosenza 436434148 508 115 39,351.02 149.42 39,292.41
-------------------------------------------------------------------------------------------------------------------
Ricky L Cooper 433399901 509 54 39,015.64 163.83 38,941.85
-------------------------------------------------------------------------------------------------------------------
James E Deslatte 433847536 530 17 35,848.75 120.41 35,811.07
-------------------------------------------------------------------------------------------------------------------
Billy D Hullett 463338432 531 64 39,071.91 138.45 39,023.63
-------------------------------------------------------------------------------------------------------------------
Troy L Lambert 437278774 533 31 42,804.27 145.95 42,757.10
-------------------------------------------------------------------------------------------------------------------
Joseph N Boltz 523212911 535 71 47,799.34 170.87 47,738.78
-------------------------------------------------------------------------------------------------------------------
Benjamin L Hunt 433439048 540 17 24,486.24 82.24 24,460.51
-------------------------------------------------------------------------------------------------------------------
John J Buckley 438530951 541 54 36,465.35 133.81 36,415.69
-------------------------------------------------------------------------------------------------------------------
Kenneth D Chelette 435556885 542 7 48,089.04 159.86 48,040.15
-------------------------------------------------------------------------------------------------------------------
Nathan Robert 438172674 544 97 37,641.13 139.28 37,588.71
-------------------------------------------------------------------------------------------------------------------
John Duplechin 439271533 691 253 17,421.72 87.23 17,374.69
-------------------------------------------------------------------------------------------------------------------
Jeffrey S Zelman 160647510 692 414 6,053.83 125.92 5,941.88
-------------------------------------------------------------------------------------------------------------------
David S Smith 438310705 693 17 43,010.72 144.46 42,965.52
-------------------------------------------------------------------------------------------------------------------
Leo Paul Brignac 433761299 695 161 32,481.58 132.93 32,423.61
-------------------------------------------------------------------------------------------------------------------
James D Sebastien 437909098 696 386 11,529.61 99.51 11,456.71
-------------------------------------------------------------------------------------------------------------------
Michael P Harrington 433251780 736 88 43,455.04 186.03 43,369.29
-------------------------------------------------------------------------------------------------------------------
John A Fisher 437574275 737 48 45,564.74 161.66 45,508.23
-------------------------------------------------------------------------------------------------------------------
Randy P Savoy 439315577 738 68 28,587.64 101.81 28,551.80
-------------------------------------------------------------------------------------------------------------------
Michael Kinsella 460022328 751 94 40,820.30 150.41 40,764.09
-------------------------------------------------------------------------------------------------------------------
Chris R Pacetti 433172466 752 22 58,675.64 198.13 58,612.92
===================================================================================================================
238
Annex to Annex C
Page 14
Dwayne P Chreene 438941320 756 231 28,256.10 133.76 28,187.55
---------------------------------------------------------------------------------------------------------------
David R Pacetti 433173671 757 80 41,520.25 150.15 41,465.92
---------------------------------------------------------------------------------------------------------------
Darrell J Richard 434042933 861 188 33,978.19 156.01 33,900.59
---------------------------------------------------------------------------------------------------------------
Scott M Zeringue 434677146 863 7 41,234.11 144.87 41,184.40
---------------------------------------------------------------------------------------------------------------
Don L Duhon 433945766 865 54 14,948.88 163.23 14,820.15
---------------------------------------------------------------------------------------------------------------
Brent J David 435150985 866 112 38,074.72 145.89 38,016.69
---------------------------------------------------------------------------------------------------------------
Thomas E Istre 436602361 867 3 37,471.08 156.17 37,401.38
---------------------------------------------------------------------------------------------------------------
Clint A Crappell 433215561 934 7 36,707.88 122.03 36,670.56
---------------------------------------------------------------------------------------------------------------
Brien P Mabile 436330783 935 60 30,480.45 138.37 30,412.42
---------------------------------------------------------------------------------------------------------------
Ransdal Fontenot 436430575 936 316 17,019.21 104.28 16,954.21
---------------------------------------------------------------------------------------------------------------
George S Thibodeaux 437239097 939 13 43,387.96 145.13 43,342.96
---------------------------------------------------------------------------------------------------------------
Remy Usey 433254345 950 146 24,799.87 136.84 24,720.26
---------------------------------------------------------------------------------------------------------------
Karl J Larousse 437966310 951 340 2,689.85 82.32 2,613.74
---------------------------------------------------------------------------------------------------------------
Nelis P Chassion 437600552 955 13 23,858.68 99.07 23,814.67
---------------------------------------------------------------------------------------------------------------
Douglas G Suire 439062297 956 15 35,904.20 120.34 35,866.72
---------------------------------------------------------------------------------------------------------------
Corey P Fanguy 437614503 957 17 39,370.66 132.24 39,329.28
---------------------------------------------------------------------------------------------------------------
James Kirkpatrick 439119602 101 62 46,104.24 162.97 46,047.66
---------------------------------------------------------------------------------------------------------------
Forrest F Fields 426068503 102 35 36,816.53 126.09 36,775.40
---------------------------------------------------------------------------------------------------------------
Jimmie Ridge 563158179 104 72 19,830.74 129.58 19,746.92
---------------------------------------------------------------------------------------------------------------
Daniel Barnett 428214718 105 32 41,992.37 143.34 41,945.94
---------------------------------------------------------------------------------------------------------------
Daniel Remel 426332053 106 15 43,317.67 145.19 43,272.44
---------------------------------------------------------------------------------------------------------------
Tommy Margiotta Ii 435413371 107 102 38,349.95 142.90 38,295.55
---------------------------------------------------------------------------------------------------------------
Steven R Buza 213082521 108 75 56,728.62 203.82 56,655.71
---------------------------------------------------------------------------------------------------------------
Carl T Mcqueen 427843066 109 234 15,501.18 96.19 15,440.76
---------------------------------------------------------------------------------------------------------------
Rodney A Yarber 257961329 110 15 63,470.09 212.74 63,403.82
---------------------------------------------------------------------------------------------------------------
Nicholas J Deters 426477072 111 152 27,502.17 110.79 27,454.85
---------------------------------------------------------------------------------------------------------------
Bedford Smith 430535591 112 41 29,553.81 101.90 29,520.11
---------------------------------------------------------------------------------------------------------------
James P Groth 82560383 113 35 38,312.06 131.21 38,269.26
---------------------------------------------------------------------------------------------------------------
Russell Schmermund 426358932 114 82 19,805.15 134.80 19,716.05
---------------------------------------------------------------------------------------------------------------
Douglas W Boquoi 437518719 212 104 31,905.76 119.22 31,860.17
---------------------------------------------------------------------------------------------------------------
Chris L Doseff 436768320 213 402 12,521.91 120.45 12,430.36
---------------------------------------------------------------------------------------------------------------
Charles R Strong 587075191 215 168 34,903.10 144.66 34,838.99
---------------------------------------------------------------------------------------------------------------
Robert R Fink 438564489 216 493 2,849.18 105.40 2,750.36
---------------------------------------------------------------------------------------------------------------
James A Wheat 439233062 217 154 46,534.21 188.11 46,453.49
---------------------------------------------------------------------------------------------------------------
Cory J Termine 437673345 219 126 38,293.57 147.86 38,234.08
---------------------------------------------------------------------------------------------------------------
Mark A Guevara 436511117 240 281 21,921.31 119.05 21,852.85
---------------------------------------------------------------------------------------------------------------
Todd A Traina 436619488 242 182 35,275.61 150.12 35,206.90
---------------------------------------------------------------------------------------------------------------
Carol F Cheramie 436661848 244 357 14,069.35 103.14 13,998.68
---------------------------------------------------------------------------------------------------------------
Marvin K Collins 434062811 245 297 2,583.58 164.70 2,424.84
---------------------------------------------------------------------------------------------------------------
Randy J Dela Gardelle 433193584 246 71 46,015.55 164.49 45,957.25
---------------------------------------------------------------------------------------------------------------
David Fernandez 434110779 248 28 55,924.99 190.06 55,863.99
---------------------------------------------------------------------------------------------------------------
Michael P Bernard 434159971 249 121 40,057.26 153.49 39,996.21
---------------------------------------------------------------------------------------------------------------
Ahmad I Hawa 241458391 340 510 879.54 86.10 795.47
---------------------------------------------------------------------------------------------------------------
David J Young 434905201 343 215 29,037.90 132.41 28,972.50
---------------------------------------------------------------------------------------------------------------
Charles L Godail 438419618 346 215 39,745.11 181.24 39,655.59
---------------------------------------------------------------------------------------------------------------
Glenn J Damare 439724495 352 141 57,901.29 228.99 57,805.92
---------------------------------------------------------------------------------------------------------------
Artie R Ferrill Jr 437133194 354 148 43,124.49 172.55 43,051.46
---------------------------------------------------------------------------------------------------------------
Craig J Bolotte 439219722 356 470 3,169.71 66.45 3,110.57
---------------------------------------------------------------------------------------------------------------
Wesley W Boudoin 439064095 421 490 3,874.24 131.30 3,751.88
---------------------------------------------------------------------------------------------------------------
David W Recotta 439135723 422 324 27,075.46 171.20 26,966.74
===============================================================================================================
239
Attachment to Annex C
Page 15
Farron D Whitehead 587117135 424 324 26,222.61 165.81 26,117.31
--------------------------------------------------------------------------------------------------------------
Stuart B Roberts 437708573 425 410 13,563.03 138.65 13,455.68
--------------------------------------------------------------------------------------------------------------
Michael D Boudreaux Jr 434273221 426 324 30,861.09 195.14 30,737.17
--------------------------------------------------------------------------------------------------------------
Brad C Monistere 435339406 430 231 37,192.04 176.05 37,101.82
--------------------------------------------------------------------------------------------------------------
Joseph E Vaurigaud 437588667 431 328 684.79 86.55 599.82
--------------------------------------------------------------------------------------------------------------
Robert L Bankston 438535016 432 304 18,792.69 110.18 18,725.88
--------------------------------------------------------------------------------------------------------------
Rhett M. Ardonne 438046968 550 116 47,025.47 178.83 46,955.16
--------------------------------------------------------------------------------------------------------------
Joseph W Jarreau 433198584 551 311 33,306.97 199.57 33,184.26
--------------------------------------------------------------------------------------------------------------
Ferinand A Boeneke 435588387 552 343 6,469.59 154.79 6,329.73
--------------------------------------------------------------------------------------------------------------
Philip G Meyer 439216064 553 264 29,327.36 151.40 29,243.64
--------------------------------------------------------------------------------------------------------------
Scott C Schaefer 439538778 554 210 36,503.86 164.62 36,423.48
--------------------------------------------------------------------------------------------------------------
Barry D Brown 434883246 555 397 15,267.89 141.72 15,161.40
--------------------------------------------------------------------------------------------------------------
Jerry M. Pinkerton 433237263 556 137 37,197.07 146.15 37,136.76
--------------------------------------------------------------------------------------------------------------
Dale J Almquist 573495950 558 513 835.60 109.80 727.73
--------------------------------------------------------------------------------------------------------------
Wayne A Smith 439829950 612 20 36,728.63 141.38 36,672.01
--------------------------------------------------------------------------------------------------------------
Christopher P Cain 435450635 613 345 24,901.79 172.31 24,786.95
--------------------------------------------------------------------------------------------------------------
Derek B Skidmore 438492292 614 19 38,123.53 128.32 38,083.19
--------------------------------------------------------------------------------------------------------------
Keith A Licciardi 439743981 615 44 43,185.22 149.42 43,135.46
--------------------------------------------------------------------------------------------------------------
Jeffery K Helgason 436158692 616 330 21,315.24 138.12 21,226.31
--------------------------------------------------------------------------------------------------------------
David Freeman 434193213 617 20 53,631.19 180.71 53,574.24
--------------------------------------------------------------------------------------------------------------
Danny L Mayfield 433061381 620 67 73,042.94 259.79 72,951.71
--------------------------------------------------------------------------------------------------------------
Jody M Neil 435772671 621 1 51,880.00 171.43 51,828.29
--------------------------------------------------------------------------------------------------------------
Frank P Keating 438966986 623 407 15,442.63 154.21 15,324.06
--------------------------------------------------------------------------------------------------------------
John E Pierce 439459606 624 131 46,544.65 181.13 46,470.93
--------------------------------------------------------------------------------------------------------------
Joseph J Barraco Jr 435559784 625 257 27,786.96 140.66 27,710.42
--------------------------------------------------------------------------------------------------------------
Brady J Perque Jr 433258531 626 45 47,313.68 163.89 47,258.98
--------------------------------------------------------------------------------------------------------------
Byron B Bloemer 433864339 627 320 23,998.31 149.36 23,904.33
--------------------------------------------------------------------------------------------------------------
Joseph J Barraco Sr 433863413 630 383 13,568.78 114.93 13,485.16
--------------------------------------------------------------------------------------------------------------
Gary O Siverio 433336658 751 244 50,876.74 248.15 50,746.00
--------------------------------------------------------------------------------------------------------------
Casey J Brinson 592079363 754 210 21,981.34 99.13 21,932.94
--------------------------------------------------------------------------------------------------------------
Adrian Mcauley 438132360 755 28 49,138.44 167.00 49,084.84
--------------------------------------------------------------------------------------------------------------
Michael L Clark 416906608 800 98 39,345.53 145.79 39,290.54
--------------------------------------------------------------------------------------------------------------
Scott E Stark 320449379 801 220 18,216.94 122.83 18,136.15
--------------------------------------------------------------------------------------------------------------
Wesley G Davis 420926457 804 61 37,063.42 130.85 37,018.10
--------------------------------------------------------------------------------------------------------------
Kushon M Anderson 423089860 805 96 43,301.34 159.99 43,241.28
--------------------------------------------------------------------------------------------------------------
Howard Graham 420544580 806 41 29,524.69 101.81 29,491.01
--------------------------------------------------------------------------------------------------------------
Donnie R Kelley 255806833 807 57 44,190.54 155.07 44,137.45
--------------------------------------------------------------------------------------------------------------
Donnie Os Seaman 423503905 808 124 45,330.58 174.48 45,260.71
--------------------------------------------------------------------------------------------------------------
Eric W Sandberg 521138478 809 220 27,670.36 139.04 27,595.17
--------------------------------------------------------------------------------------------------------------
James Fulford 434929407 811 41 35,600.15 122.76 35,559.54
--------------------------------------------------------------------------------------------------------------
Jeffrey A Sanderson 420175925 812 15 46,235.74 154.97 46,187.47
--------------------------------------------------------------------------------------------------------------
James Duncan 407668263 813 115 49,975.65 189.77 49,901.21
--------------------------------------------------------------------------------------------------------------
Allen R Walley 587296749 814 57 52,752.33 185.34 52,688.73
--------------------------------------------------------------------------------------------------------------
Michael D Bugg 179423192 815 220 31,468.91 145.15 31,396.38
--------------------------------------------------------------------------------------------------------------
Charles Salesman 427946770 817 59 42,681.72 150.32 42,629.90
--------------------------------------------------------------------------------------------------------------
James A Ethington 370486574 818 15 52,742.24 176.78 52,687.17
--------------------------------------------------------------------------------------------------------------
Brandon Hall 632057253 131 33 43,870.01 149.92 43,821.33
--------------------------------------------------------------------------------------------------------------
Rob C Mullins 464472959 133 33 36,846.54 158.36 36,773.21
--------------------------------------------------------------------------------------------------------------
Timothy Norris 340625817 134 53 33,575.48 124.40 33,528.56
--------------------------------------------------------------------------------------------------------------
Donnie Tipton 224646046 136 44 48,279.28 183.60 48,207.09
==============================================================================================================
240
Attachment to Annex C
Page 16
Brent Hall 466991516 150 35 46,609.16 159.63 46,557.09
-------------------------------------------------------------------------------------------------------------------
Robert L Humble 449807952 151 20 54,917.29 185.04 54,858.98
-------------------------------------------------------------------------------------------------------------------
Arthur R Pearson 456783730 156 61 29,025.10 126.01 28,966.07
-------------------------------------------------------------------------------------------------------------------
Clyde M Jones 455543722 157 8 39,643.55 131.92 39,603.12
-------------------------------------------------------------------------------------------------------------------
Karl Boehler 464968073 158 13 58,700.30 196.34 58,639.42
-------------------------------------------------------------------------------------------------------------------
Gregory P Johnson 464195188 159 68 48,904.51 185.98 48,831.39
-------------------------------------------------------------------------------------------------------------------
Jimmy A Ford 462271884 170 18 44,005.18 147.96 43,958.77
-------------------------------------------------------------------------------------------------------------------
Dennie Reeves 449138507 171 16 37,038.66 124.27 36,999.86
-------------------------------------------------------------------------------------------------------------------
Paul Mcfarland 460588015 172 70 63,268.31 225.88 63,188.43
-------------------------------------------------------------------------------------------------------------------
Harold W Alvarez 465826066 173 19 40,441.34 136.12 40,398.55
-------------------------------------------------------------------------------------------------------------------
Daryl D Buteaux 455150371 174 11 12,710.29 182.53 12,557.09
-------------------------------------------------------------------------------------------------------------------
John Phillips 263026184 230 119 39,423.26 150.59 39,363.65
-------------------------------------------------------------------------------------------------------------------
Darren Krolczyk 452714553 231 63 31,470.98 141.30 31,402.31
-------------------------------------------------------------------------------------------------------------------
Charles Pipes 450825927 232 91 42,284.51 155.17 42,226.92
-------------------------------------------------------------------------------------------------------------------
Phillip Pearce 244902258 233 22 41,194.82 421.11 40,868.77
-------------------------------------------------------------------------------------------------------------------
Booker T Jones Jr 458359957 234 16 62,574.53 209.96 62,508.97
-------------------------------------------------------------------------------------------------------------------
Jimmy Brewer 436133815 235 35 39,465.87 280.92 39,276.03
-------------------------------------------------------------------------------------------------------------------
Richard Armstrong 462397284 236 2 63,533.15 213.62 63,466.14
-------------------------------------------------------------------------------------------------------------------
Mark E Domingues 435704072 237 32 32,818.77 151.37 32,743.14
-------------------------------------------------------------------------------------------------------------------
Armando Ojeda 461978704 330 13 53,143.01 183.88 53,081.77
-------------------------------------------------------------------------------------------------------------------
James Kallus 458719498 331 13 56,062.62 187.52 56,004.48
-------------------------------------------------------------------------------------------------------------------
Francisco Hernandez 467314667 332 8 50,017.16 166.44 49,966.14
-------------------------------------------------------------------------------------------------------------------
Tommy Theard Jr 135734488 334 18 51,397.27 172.82 51,343.06
-------------------------------------------------------------------------------------------------------------------
Joseph Gonzales 462377888 337 13 43,210.86 155.05 43,155.53
-------------------------------------------------------------------------------------------------------------------
Ronald Valentine 449251698 338 76 49,139.68 176.78 49,076.30
-------------------------------------------------------------------------------------------------------------------
Ralph C. Brooks 455743947 450 71 39,602.93 141.57 39,552.75
-------------------------------------------------------------------------------------------------------------------
Alonzo Gabrich 426276860 451 72 46,310.10 165.75 46,251.22
-------------------------------------------------------------------------------------------------------------------
Michael Benner 213966563 453 30 40,882.02 139.24 40,837.12
-------------------------------------------------------------------------------------------------------------------
Charles K Wimberly 460668789 456 6 36,826.07 147.60 36,763.45
-------------------------------------------------------------------------------------------------------------------
Jesse S Oliver 450215551 465 70 49,971.92 178.63 49,908.61
-------------------------------------------------------------------------------------------------------------------
Bruce Sutherland 69408730 466 101 46,267.67 172.15 46,202.29
-------------------------------------------------------------------------------------------------------------------
Robert Tavares 465199393 467 70 48,198.06 172.07 48,137.22
-------------------------------------------------------------------------------------------------------------------
Jeffery West 462757408 470 44 50,910.32 209.48 50,818.33
-------------------------------------------------------------------------------------------------------------------
Jack Armstrong 467159074 471 32 41,490.88 141.63 41,445.00
-------------------------------------------------------------------------------------------------------------------
Elman T Gamboa 638480724 473 2 37,970.23 128.49 37,929.36
-------------------------------------------------------------------------------------------------------------------
Dusty Ward 450026616 506 5 51,168.68 177.25 51,109.51
-------------------------------------------------------------------------------------------------------------------
Kenneth W Guidry 463966328 507 22 74,003.00 370.57 73,803.21
-------------------------------------------------------------------------------------------------------------------
Ronald Rice 449040764 508 32 50,849.48 173.58 50,793.24
-------------------------------------------------------------------------------------------------------------------
Gordon Greer 456490598 520 37 37,128.68 127.45 37,086.91
-------------------------------------------------------------------------------------------------------------------
Gene A Alegre 450500919 522 332 10,473.85 128.57 10,369.45
-------------------------------------------------------------------------------------------------------------------
William Owen 458641063 523 37 32,443.44 111.37 32,406.94
-------------------------------------------------------------------------------------------------------------------
Santos Jordan Jr 462434988 600 146 47,638.85 195.67 47,553.12
-------------------------------------------------------------------------------------------------------------------
Enrique Posada 451711111 601 30 40,432.84 292.03 40,234.12
-------------------------------------------------------------------------------------------------------------------
Jose F Vela 453576387 602 18 50,926.69 171.23 50,872.98
-------------------------------------------------------------------------------------------------------------------
Joe A Nunio 459733001 603 5 52,124.17 198.22 52,046.24
-------------------------------------------------------------------------------------------------------------------
Gustavo Reynero 454719260 604 9 60,251.83 200.70 60,190.17
-------------------------------------------------------------------------------------------------------------------
Daniel Velazquez 460594121 605 71 45,664.65 163.23 45,606.80
-------------------------------------------------------------------------------------------------------------------
Michael Miller 458839263 607 76 49,858.66 179.37 49,794.35
-------------------------------------------------------------------------------------------------------------------
Dennis White 464819299 608 23 47,563.86 160.78 47,512.84
-------------------------------------------------------------------------------------------------------------------
Jerry Musgrove 449511519 609 6 41,523.88 177.41 41,442.29
===================================================================================================================
241
Attachment to Annex C
Page 17
--------------------------------------------------------------------------------------------------------------------------------
Greg Edel 561557663 610 45 54,483.15 196.00 54,412.88
--------------------------------------------------------------------------------------------------------------------------------
Samuel Arancibia 463895665 780 93 49,640.40 187.65 49,567.30
--------------------------------------------------------------------------------------------------------------------------------
Donald E Craft 454317679 781 5 65,768.86 218.19 65,702.44
--------------------------------------------------------------------------------------------------------------------------------
Luis Mancinas 459990787 782 24 37,091.64 202.08 36,975.16
--------------------------------------------------------------------------------------------------------------------------------
Ronald L Givans 221446216 783 77 42,676.59 183.06 42,592.01
--------------------------------------------------------------------------------------------------------------------------------
Ron Jowell 451259233 787 31 57,009.31 206.43 56,934.44
--------------------------------------------------------------------------------------------------------------------------------
Mahawa Ndiaye 642422711 789 70 49,800.23 177.79 49,737.36
--------------------------------------------------------------------------------------------------------------------------------
Benjamin Foster 234863984 790 65 41,258.91 146.38 41,207.74
--------------------------------------------------------------------------------------------------------------------------------
Jesus Gomez 458850651 871 78 51,449.60 185.57 51,382.76
--------------------------------------------------------------------------------------------------------------------------------
Moses Maldonado 453433107 872 5 50,721.47 198.65 50,639.87
--------------------------------------------------------------------------------------------------------------------------------
Simon Rodriguez 425161720 873 45 53,653.62 192.28 53,585.16
--------------------------------------------------------------------------------------------------------------------------------
Fernando A Zapata 353363179 874 156 11,557.70 197.31 11,387.06
--------------------------------------------------------------------------------------------------------------------------------
Charles B.Tubbs 452685048 875 56 65,916.37 235.62 65,832.86
--------------------------------------------------------------------------------------------------------------------------------
Jorge A Lara 464995801 876 158 32,232.85 189.67 32,117.56
--------------------------------------------------------------------------------------------------------------------------------
Manuel R Ramirez 461557202 877 116 48,955.27 186.16 48,882.08
--------------------------------------------------------------------------------------------------------------------------------
Francisco Velazquez 460591637 879 6 64,511.33 236.41 64,423.79
--------------------------------------------------------------------------------------------------------------------------------
Mario Cantu 467930412 880 42 50,298.13 184.83 50,229.37
--------------------------------------------------------------------------------------------------------------------------------
Jesse Davila 449710393 900 42 46,136.68 159.27 46,083.88
--------------------------------------------------------------------------------------------------------------------------------
Steven Astolfo 459983455 901 22 40,326.62 201.40 40,218.28
--------------------------------------------------------------------------------------------------------------------------------
Victor M Lara 640485176 902 33 44,619.82 157.53 44,565.26
--------------------------------------------------------------------------------------------------------------------------------
Pedro Rodas 643148041 903 100 22,074.22 132.44 21,992.72
--------------------------------------------------------------------------------------------------------------------------------
Francisco Lemus 453792446 904 83 45,026.56 178.36 44,952.11
--------------------------------------------------------------------------------------------------------------------------------
Elias J Lara 454976855 905 20 38,985.52 238.90 38,836.59
--------------------------------------------------------------------------------------------------------------------------------
Jose Gonzalez 621203689 906 54 38,116.57 231.81 37,972.72
--------------------------------------------------------------------------------------------------------------------------------
Rene Vasquez 451712309 907 3 60,738.56 201.10 60,677.63
--------------------------------------------------------------------------------------------------------------------------------
Marshall Smith 313729676 1100 60 55,081.74 194.23 55,014.62
--------------------------------------------------------------------------------------------------------------------------------
Dwain Hibler 466579309 1101 2 67,245.92 222.42 67,178.68
--------------------------------------------------------------------------------------------------------------------------------
Kevin Crocker 466874879 1102 42 53,382.81 184.28 53,321.72
--------------------------------------------------------------------------------------------------------------------------------
Jason Hackney 458739450 1103 2 41,521.57 137.34 41,480.05
--------------------------------------------------------------------------------------------------------------------------------
William J Lacoste 456732926 1104 116 47,599.07 181.01 47,527.90
--------------------------------------------------------------------------------------------------------------------------------
Raymond West 465086249 1105 48 47,366.08 189.52 47,285.87
--------------------------------------------------------------------------------------------------------------------------------
James Hinson 456335750 1121 94 44,736.24 185.76 44,653.72
--------------------------------------------------------------------------------------------------------------------------------
Ronald Koska 452041703 1122 43 37,836.90 130.76 37,793.46
--------------------------------------------------------------------------------------------------------------------------------
Robert Lake 453941327 1130 45 50,344.12 174.39 50,285.91
--------------------------------------------------------------------------------------------------------------------------------
Kenneth D Skelton 459722556 1131 26 64,164.10 217.59 64,094.58
--------------------------------------------------------------------------------------------------------------------------------
Gonzalo Armas 602227580 1309 71 29,429.70 112.94 29,384.67
--------------------------------------------------------------------------------------------------------------------------------
Miguel R Corrigeux 634038525 1320 217 30,232.42 138.48 30,163.71
--------------------------------------------------------------------------------------------------------------------------------
Malick Ba 645681180 1321 40 43,504.95 149.84 43,455.51
--------------------------------------------------------------------------------------------------------------------------------
Jesus Joel Mancinas 457899480 1322 16 48,175.81 161.64 48,125.34
--------------------------------------------------------------------------------------------------------------------------------
Sammy Grant 453746017 1323 72 60,382.35 216.12 60,305.57
--------------------------------------------------------------------------------------------------------------------------------
Raymond Davis 423826766 1324 132 35,436.55 138.12 35,380.21
--------------------------------------------------------------------------------------------------------------------------------
Alex Varughese 456313205 1325 72 41,136.65 147.23 41,084.35
--------------------------------------------------------------------------------------------------------------------------------
Robert Morris 457135710 1326 99 22,807.33 136.15 22,723.81
--------------------------------------------------------------------------------------------------------------------------------
Michael Jamail 463455200 1327 47 79,589.55 284.86 79,488.36
--------------------------------------------------------------------------------------------------------------------------------
Jonathan Davis 464190802 1328 13 33,262.13 111.26 33,227.63
--------------------------------------------------------------------------------------------------------------------------------
James Rhodes 466714465 1400 13 25,846.94 143.08 25,763.51
--------------------------------------------------------------------------------------------------------------------------------
Jose E Gonzalez 466878454 1401 159 26,659.29 131.05 26,589.76
--------------------------------------------------------------------------------------------------------------------------------
Armando Cuevas 457330333 1402 153 9,953.64 203.36 9,773.25
--------------------------------------------------------------------------------------------------------------------------------
Jacob V Moore 514446272 1403 43 31,295.92 180.94 31,187.20
--------------------------------------------------------------------------------------------------------------------------------
Ruben Navarro 451994407 1404 13 50,816.96 169.97 50,764.26
--------------------------------------------------------------------------------------------------------------------------------
242
Attachment to Annex C
Page 18
--------------------------------------------------------------------------------------------------------------------------------
Rafael Artiga 636010184 1406 43 49,147.56 169.85 49,091.13
--------------------------------------------------------------------------------------------------------------------------------
Joseph Nunez 452048450 1407 13 46,598.61 166.78 46,539.37
--------------------------------------------------------------------------------------------------------------------------------
Cleveland Glaze 437642196 1408 43 38,040.14 152.73 37,975.19
--------------------------------------------------------------------------------------------------------------------------------
Saad Aniss Chehali 113744725 1409 9 52,445.04 174.70 52,391.37
--------------------------------------------------------------------------------------------------------------------------------
Michael Racine 468926175 1500 16 53,839.90 192.70 53,771.45
--------------------------------------------------------------------------------------------------------------------------------
David Laws 456883924 1501 72 48,456.76 173.43 48,395.15
--------------------------------------------------------------------------------------------------------------------------------
Kenneth Sanchez 463935073 1503 26 43,763.51 149.89 43,714.61
--------------------------------------------------------------------------------------------------------------------------------
Norbert R Staudt 466575899 1504 72 33,516.08 122.33 33,471.09
--------------------------------------------------------------------------------------------------------------------------------
Tony A Garcia 459114516 1506 45 70,052.66 242.66 69,971.66
--------------------------------------------------------------------------------------------------------------------------------
Ronald Crooks 465336066 1507 8 58,579.72 199.96 58,514.94
--------------------------------------------------------------------------------------------------------------------------------
Mark Darnell 241024918 102 39 45,968.10 158.14 45,916.04
--------------------------------------------------------------------------------------------------------------------------------
Douglas Routh 237686868 103 5 52,065.88 172.73 52,013.30
--------------------------------------------------------------------------------------------------------------------------------
Dalton Beaman 238903432 104 118 26,618.12 101.52 26,578.03
--------------------------------------------------------------------------------------------------------------------------------
Charles Moser 239627280 105 322 25,223.04 168.06 25,113.19
--------------------------------------------------------------------------------------------------------------------------------
Randy Bullard 384849616 108 90 51,054.78 187.10 50,985.50
--------------------------------------------------------------------------------------------------------------------------------
Darrell Harris 238481964 111 323 22,309.25 140.50 22,220.23
--------------------------------------------------------------------------------------------------------------------------------
Jerry Whitaker 246887804 112 61 47,087.36 166.24 47,029.78
--------------------------------------------------------------------------------------------------------------------------------
Jeff Stanley 246373029 113 30 47,243.14 160.91 47,191.25
--------------------------------------------------------------------------------------------------------------------------------
Wesley Smith 231064079 115 17 33,290.93 111.82 33,255.94
--------------------------------------------------------------------------------------------------------------------------------
Robert Liske 421726776 116 59 46,705.91 164.49 46,649.20
--------------------------------------------------------------------------------------------------------------------------------
James Schuck 240311363 117 277 26,093.94 139.97 26,014.19
--------------------------------------------------------------------------------------------------------------------------------
Andre Braswell 237273225 119 17 40,226.62 135.11 40,184.34
--------------------------------------------------------------------------------------------------------------------------------
Randy Houchins 243088215 202 142 45,789.25 181.38 45,713.54
--------------------------------------------------------------------------------------------------------------------------------
Bryon K Moore 243171120 203 268 18,523.39 129.35 18,436.79
--------------------------------------------------------------------------------------------------------------------------------
Jason A Smith 244550672 204 120 33,615.69 128.60 33,564.66
--------------------------------------------------------------------------------------------------------------------------------
James R Nance 243130607 205 245 28,942.97 141.91 28,867.85
--------------------------------------------------------------------------------------------------------------------------------
Walter Futch 238725729 301 75 49,120.37 176.48 49,057.24
--------------------------------------------------------------------------------------------------------------------------------
Jason Belue 236154808 302 75 49,827.66 179.02 49,763.63
--------------------------------------------------------------------------------------------------------------------------------
Tim Viverette 240022430 303 75 26,336.49 94.63 26,302.64
--------------------------------------------------------------------------------------------------------------------------------
Steven Wahl 316840546 304 75 46,107.07 165.66 46,047.81
--------------------------------------------------------------------------------------------------------------------------------
Henry L Smith 245942635 305 75 51,180.57 183.88 51,114.80
--------------------------------------------------------------------------------------------------------------------------------
Daniel Smith 378949445 306 75 41,339.47 148.53 41,286.34
--------------------------------------------------------------------------------------------------------------------------------
Cecil Hargis 243662633 307 75 44,976.77 161.60 44,918.96
--------------------------------------------------------------------------------------------------------------------------------
Wallace Cavanaugh 139288483 308 75 37,248.20 133.81 37,200.35
--------------------------------------------------------------------------------------------------------------------------------
Curtis Higgs 228960515 311 20 42,554.12 143.38 42,508.94
--------------------------------------------------------------------------------------------------------------------------------
Todd Freeman 239413222 313 323 16,133.05 101.61 16,068.67
--------------------------------------------------------------------------------------------------------------------------------
Thomas Norwood 231234471 431 20 36,722.06 123.73 36,683.07
--------------------------------------------------------------------------------------------------------------------------------
Susan Sandarelli 95560294 433 11 28,183.54 94.05 28,154.53
--------------------------------------------------------------------------------------------------------------------------------
Gwendolyn Brazelle 241175520 434 78 27,926.33 100.73 27,890.05
--------------------------------------------------------------------------------------------------------------------------------
Curtis Chambers 243174036 441 38 28,192.74 96.88 28,160.92
--------------------------------------------------------------------------------------------------------------------------------
Elmer D Long 237940165 442 3 36,120.78 119.59 36,084.55
--------------------------------------------------------------------------------------------------------------------------------
Randy Lambert 242331607 541 90 46,962.19 172.10 46,898.46
--------------------------------------------------------------------------------------------------------------------------------
Robert Mcclain 237783951 542 90 34,407.59 126.09 34,360.90
--------------------------------------------------------------------------------------------------------------------------------
Richard Story 238742866 543 90 28,125.22 199.24 27,990.88
--------------------------------------------------------------------------------------------------------------------------------
Charles Tilley 243278960 544 90 49,916.47 168.38 49,863.28
--------------------------------------------------------------------------------------------------------------------------------
Kevin Long 244256821 545 90 14,332.66 137.88 14,227.86
--------------------------------------------------------------------------------------------------------------------------------
Lewis Boger 244921477 546 125 34,739.09 100.71 34,718.55
--------------------------------------------------------------------------------------------------------------------------------
Frank Taylor 242171876 548 90 47,595.19 174.42 47,530.61
--------------------------------------------------------------------------------------------------------------------------------
Jeff Young 600033061 631 23 44,028.08 148.83 43,980.85
--------------------------------------------------------------------------------------------------------------------------------
Glenda Moore 246683687 633 224 26,498.62 168.92 26,390.85
--------------------------------------------------------------------------------------------------------------------------------
243
Attachment to Annex C
Page 19
--------------------------------------------------------------------------------------------------------------------------------
Gary Collier Sr 224744962 634 22 40,774.55 137.68 40,730.97
--------------------------------------------------------------------------------------------------------------------------------
Ken Kirk 242948486 661 326 2,630.32 158.44 2,477.95
--------------------------------------------------------------------------------------------------------------------------------
Ricky Ellerbee 248252149 662 62 56,801.25 200.78 56,731.55
--------------------------------------------------------------------------------------------------------------------------------
Jeff Kirk 240156510 663 326 25,611.89 163.27 25,507.72
--------------------------------------------------------------------------------------------------------------------------------
Eric S Fowler 238394261 664 50 44,240.81 154.15 44,188.75
--------------------------------------------------------------------------------------------------------------------------------
Jeffry Davis 240132740 665 62 38,576.33 136.36 38,528.99
--------------------------------------------------------------------------------------------------------------------------------
Roy E Mills 235889933 667 137 45,336.03 178.13 45,262.52
--------------------------------------------------------------------------------------------------------------------------------
Gary Gray 240900478 1021 142 25,590.96 101.38 25,548.64
--------------------------------------------------------------------------------------------------------------------------------
Walter D Ledford 239844069 1022 59 49,378.56 173.91 49,318.60
--------------------------------------------------------------------------------------------------------------------------------
David Scott Sr 241081312 1023 19 37,263.61 125.42 37,224.18
--------------------------------------------------------------------------------------------------------------------------------
Thomas Moucka 440401487 1031 33 26,947.40 171.77 26,837.82
--------------------------------------------------------------------------------------------------------------------------------
Carlos Sabino 153561411 1032 123 30,557.69 117.44 30,510.77
--------------------------------------------------------------------------------------------------------------------------------
Ron Capel 245800383 1033 326 17,435.63 111.12 17,364.75
--------------------------------------------------------------------------------------------------------------------------------
Christopher Fowler 246133221 1043 40 54,705.59 188.42 54,643.41
--------------------------------------------------------------------------------------------------------------------------------
Brian Koonts 237174090 1044 40 47,490.06 163.57 47,436.08
--------------------------------------------------------------------------------------------------------------------------------
Mike Woods 242861692 1127 22 24,946.91 84.24 24,920.24
--------------------------------------------------------------------------------------------------------------------------------
James Harley 248550936 1141 117 46,250.02 151.56 46,205.19
--------------------------------------------------------------------------------------------------------------------------------
Daniel Tart 242824120 1142 62 34,504.10 121.97 34,461.75
--------------------------------------------------------------------------------------------------------------------------------
Joseph Spicer 242136246 1143 106 20,872.61 156.92 20,763.86
--------------------------------------------------------------------------------------------------------------------------------
Brian Fortier 592101082 1146 181 44,016.63 186.97 43,931.24
--------------------------------------------------------------------------------------------------------------------------------
Michael Mcdonald 238519160 1148 50 42,655.07 148.98 42,604.52
--------------------------------------------------------------------------------------------------------------------------------
Jimmy Snipes 243741576 1221 326 19,525.46 124.26 19,446.26
--------------------------------------------------------------------------------------------------------------------------------
James D Whitley Sr 243682338 1222 278 28,608.10 154.91 28,519.21
--------------------------------------------------------------------------------------------------------------------------------
Michael Puckett 227179225 1223 58 34,485.74 121.31 34,444.01
--------------------------------------------------------------------------------------------------------------------------------
Michael Austin 239081314 1224 100 43,530.70 161.75 43,469.41
--------------------------------------------------------------------------------------------------------------------------------
Aaron Drye 245155791 1226 16 47,142.66 158.18 47,093.27
--------------------------------------------------------------------------------------------------------------------------------
Mickey Monroe Mcguire 237885412 1228 269 23,811.79 150.00 23,716.74
--------------------------------------------------------------------------------------------------------------------------------
Jay Smith 236049729 1229 326 11,879.97 71.63 11,835.76
--------------------------------------------------------------------------------------------------------------------------------
Ronny L Griffin 237725359 1244 118 29,053.14 137.86 28,982.33
--------------------------------------------------------------------------------------------------------------------------------
Larry M Conrad 243399781 1246 173 31,989.37 133.84 31,929.35
--------------------------------------------------------------------------------------------------------------------------------
Chad Brown 483902756 1247 9 36,168.95 120.48 36,131.94
--------------------------------------------------------------------------------------------------------------------------------
Christopher Grant 239451686 1301 75 41,402.42 148.75 41,349.21
--------------------------------------------------------------------------------------------------------------------------------
Jack Watson 245529423 1302 75 41,383.52 148.69 41,330.33
--------------------------------------------------------------------------------------------------------------------------------
Charles Barton 246499067 1303 38 44,335.43 152.35 44,285.39
--------------------------------------------------------------------------------------------------------------------------------
Larry Talley 242783126 1304 75 41,358.37 148.59 41,305.22
--------------------------------------------------------------------------------------------------------------------------------
Russell Clamp 251622867 1305 21 57,704.80 194.64 57,643.32
--------------------------------------------------------------------------------------------------------------------------------
David Arnette 240968700 1332 75 41,860.10 150.40 41,806.30
--------------------------------------------------------------------------------------------------------------------------------
Danny Lee Barnes 240908645 1333 75 51,386.53 184.62 51,320.49
--------------------------------------------------------------------------------------------------------------------------------
Danny Bullard 237256737 1334 11 36,320.47 121.24 36,283.05
--------------------------------------------------------------------------------------------------------------------------------
Roger Fogarty 261455962 1335 75 50,238.49 180.50 50,173.92
--------------------------------------------------------------------------------------------------------------------------------
Kim Hefner 238863016 1420 2 41,333.76 136.72 41,292.43
--------------------------------------------------------------------------------------------------------------------------------
Bill Mcgruther 595011842 1422 291 23,896.05 134.03 23,817.16
--------------------------------------------------------------------------------------------------------------------------------
Thomas Williams 239590073 1424 68 39,251.82 131.80 39,210.60
--------------------------------------------------------------------------------------------------------------------------------
Fred Swann 242218879 1425 326 14,681.06 126.87 14,588.07
--------------------------------------------------------------------------------------------------------------------------------
Edward Mckee 241529507 1426 326 13,725.58 89.65 13,667.60
--------------------------------------------------------------------------------------------------------------------------------
Paul Hutchins 248191442 1427 69 35,967.00 128.24 35,921.76
--------------------------------------------------------------------------------------------------------------------------------
Danny Byrd 241272125 1432 156 22,957.27 136.39 22,873.86
--------------------------------------------------------------------------------------------------------------------------------
Brian Hinson 248632402 1501 175 36,775.88 158.96 36,701.79
--------------------------------------------------------------------------------------------------------------------------------
Gary Hayes 247714027 1502 95 33,199.22 137.82 33,138.01
--------------------------------------------------------------------------------------------------------------------------------
Allen Riley 224232739 1503 326 6,690.21 96.95 6,608.70
--------------------------------------------------------------------------------------------------------------------------------
244
Attachment to Annex C
Page 20
--------------------------------------------------------------------------------------------------------------------------------
Jon Williams 411024503 1504 219 13,210.73 112.97 13,128.25
--------------------------------------------------------------------------------------------------------------------------------
Gordon Gillelan 226962819 1506 261 11,886.42 75.08 11,838.77
--------------------------------------------------------------------------------------------------------------------------------
Randy Kirk 250714997 1507 95 26,160.56 96.53 26,124.40
--------------------------------------------------------------------------------------------------------------------------------
Kevin Sexton 251653000 1509 9 29,803.51 99.28 29,773.01
--------------------------------------------------------------------------------------------------------------------------------
Gerald B Gibbs 251210440 1601 30 14,529.80 49.49 14,513.84
--------------------------------------------------------------------------------------------------------------------------------
Clayton Brown 247234780 1602 134 9,750.53 84.92 9,688.11
--------------------------------------------------------------------------------------------------------------------------------
Billy H Henderson 248826259 1605 171 10,548.15 43.89 10,528.60
--------------------------------------------------------------------------------------------------------------------------------
Richie Washington 249415672 1609 91 10,391.22 38.13 10,377.07
--------------------------------------------------------------------------------------------------------------------------------
Ray Walker 227132736 1610 171 8,664.79 36.12 8,648.67
--------------------------------------------------------------------------------------------------------------------------------
Rupert Kelly 251196795 1612 98 15,107.52 55.97 15,086.41
--------------------------------------------------------------------------------------------------------------------------------
Anthony Montgomery 248475334 1701 178 7,454.05 31.48 7,439.77
--------------------------------------------------------------------------------------------------------------------------------
Eddie Banks 452820973 1702 27 14,235.82 48.33 14,220.34
--------------------------------------------------------------------------------------------------------------------------------
Kenneth Montgomery 249318249 1703 54 15,972.14 55.92 15,953.08
--------------------------------------------------------------------------------------------------------------------------------
Vincent Evans 521814544 1704 54 11,201.79 39.32 11,188.32
--------------------------------------------------------------------------------------------------------------------------------
Jason Anderson 248719058 1706 27 30,464.19 103.42 30,431.07
--------------------------------------------------------------------------------------------------------------------------------
Edward Nelson 251654877 1707 53 18,323.70 64.07 18,301.92
--------------------------------------------------------------------------------------------------------------------------------
Laertes Byrd 250716997 1708 53 23,463.72 82.04 23,435.83
--------------------------------------------------------------------------------------------------------------------------------
Sampson Muller 250379709 1709 14 23,418.28 78.41 23,393.91
--------------------------------------------------------------------------------------------------------------------------------
Asim Rahman 111566804 1710 132 15,560.81 60.65 15,536.07
--------------------------------------------------------------------------------------------------------------------------------
Eddie Davis 247413760 1713 41 24,169.99 83.34 24,142.43
--------------------------------------------------------------------------------------------------------------------------------
Michael Brown 248612889 1714 54 14,626.56 51.20 14,609.11
--------------------------------------------------------------------------------------------------------------------------------
David Langdale 247439492 1715 41 13,607.76 46.92 13,592.24
--------------------------------------------------------------------------------------------------------------------------------
Dennis Fowler 223130132 1801 14 46,760.53 156.57 46,711.87
--------------------------------------------------------------------------------------------------------------------------------
Matthew King 248210862 1803 15 24,310.78 81.48 24,285.40
--------------------------------------------------------------------------------------------------------------------------------
Tyronne Simmons 248432819 1804 43 47,565.93 164.39 47,511.31
--------------------------------------------------------------------------------------------------------------------------------
Douglas Graham 86386786 1805 15 31,292.34 104.89 31,259.66
--------------------------------------------------------------------------------------------------------------------------------
Mark Sanders 284528319 1806 15 34,295.28 114.95 34,259.47
--------------------------------------------------------------------------------------------------------------------------------
Stanley Masinsky 179406986 1812 67 11,501.33 40.91 11,486.96
--------------------------------------------------------------------------------------------------------------------------------
Michael Garrison 181581290 1816 118 21,476.37 81.91 21,444.02
--------------------------------------------------------------------------------------------------------------------------------
Mark Kauffman 201604364 1817 5 36,827.08 122.18 36,789.89
--------------------------------------------------------------------------------------------------------------------------------
Johnny Williams 247679606 1902 89 16,838.28 61.63 16,815.51
--------------------------------------------------------------------------------------------------------------------------------
Rodney Cain 250597485 1903 178 6,143.74 25.95 6,131.97
--------------------------------------------------------------------------------------------------------------------------------
Wilson Robinson 247535974 1921 50 13,474.19 46.95 13,458.33
--------------------------------------------------------------------------------------------------------------------------------
Nathaniel Snell 601241606 1922 41 27,019.74 92.82 26,989.27
--------------------------------------------------------------------------------------------------------------------------------
Daniel Warner 247087119 1923 50 14,945.34 52.07 14,927.76
--------------------------------------------------------------------------------------------------------------------------------
Cornell Riley 251551665 1925 29 18,386.83 62.56 18,366.70
--------------------------------------------------------------------------------------------------------------------------------
Robert Holmes 250337030 2101 69 19,637.00 70.02 19,612.30
--------------------------------------------------------------------------------------------------------------------------------
Charlton E Jackson 247376721 2103 89 26,226.48 143.79 26,143.21
--------------------------------------------------------------------------------------------------------------------------------
Melvin Haskell 251497003 2106 72 26,948.70 96.45 26,914.44
--------------------------------------------------------------------------------------------------------------------------------
John Neal 266479073 2201 60 47,228.99 166.54 47,171.44
--------------------------------------------------------------------------------------------------------------------------------
David Smith 256922721 2202 7 27,155.71 90.27 27,128.11
--------------------------------------------------------------------------------------------------------------------------------
Roy J Fowler 248614161 2203 77 40,986.45 154.26 40,926.77
--------------------------------------------------------------------------------------------------------------------------------
Calvin Smith 247253413 2205 9 38,229.28 127.34 38,190.16
--------------------------------------------------------------------------------------------------------------------------------
Phillip M Haynie 247662642 2207 77 16,840.26 104.40 16,774.72
--------------------------------------------------------------------------------------------------------------------------------
Shane Garner 298822929 2301 19 47,482.10 159.82 47,431.85
--------------------------------------------------------------------------------------------------------------------------------
William Mc Nutt 159448234 2302 69 37,290.68 132.97 37,243.77
--------------------------------------------------------------------------------------------------------------------------------
Prince Glenn 249875405 2303 7 36,211.89 120.38 36,175.08
--------------------------------------------------------------------------------------------------------------------------------
Melvin D Gillard 248688503 2305 77 22,927.25 110.42 22,869.74
--------------------------------------------------------------------------------------------------------------------------------
James Roberts 532747367 2307 9 46,376.25 154.48 46,328.79
--------------------------------------------------------------------------------------------------------------------------------
Ronald D Edmonds 249060830 2402 122 37,789.33 145.02 37,731.52
--------------------------------------------------------------------------------------------------------------------------------
245
Attachment to Annex C
Page 21
--------------------------------------------------------------------------------------------------------------------------------
Gary W Lewis 250707378 2403 203 21,697.72 134.52 21,613.27
--------------------------------------------------------------------------------------------------------------------------------
Loyd Gunnels 251941814 2404 16 35,915.88 120.51 35,878.25
--------------------------------------------------------------------------------------------------------------------------------
Carl Ford 251294828 2405 34 43,642.58 149.31 43,593.98
--------------------------------------------------------------------------------------------------------------------------------
Virgil Martin 247337485 2406 43 29,612.34 102.34 29,578.34
--------------------------------------------------------------------------------------------------------------------------------
Robert Robinson 250860759 2410 43 27,074.90 93.57 27,043.81
--------------------------------------------------------------------------------------------------------------------------------
Chad Clark 249616409 2411 53 49,126.90 171.78 49,068.49
--------------------------------------------------------------------------------------------------------------------------------
Ronnie Johns 249470586 2414 43 22,645.33 78.26 22,619.33
--------------------------------------------------------------------------------------------------------------------------------
Genevieve Rollerson 248118866 2702 73 23,507.55 84.24 23,477.56
--------------------------------------------------------------------------------------------------------------------------------
Kenneth Wood 578069352 2705 73 21,212.24 76.02 21,185.17
--------------------------------------------------------------------------------------------------------------------------------
Carla Shaffer 352460400 2706 73 19,635.57 70.37 19,610.51
--------------------------------------------------------------------------------------------------------------------------------
Michael R Edgin 532788133 2708 73 29,956.30 107.35 29,918.08
--------------------------------------------------------------------------------------------------------------------------------
Nathan Rushton 251945694 2712 74 25,704.57 92.24 25,671.65
--------------------------------------------------------------------------------------------------------------------------------
Raymond L Martin 331406173 2803 162 21,829.67 135.33 21,744.72
--------------------------------------------------------------------------------------------------------------------------------
Brian Mc Lyea 249559211 2804 51 26,986.96 94.14 26,955.10
--------------------------------------------------------------------------------------------------------------------------------
Chris Gossett 247672302 2805 51 27,188.97 94.84 27,156.87
--------------------------------------------------------------------------------------------------------------------------------
Douglas J Lindey 166467190 2806 145 28,421.07 116.11 28,370.55
--------------------------------------------------------------------------------------------------------------------------------
James A Cannon 251439059 2807 145 24,137.21 149.63 24,043.28
--------------------------------------------------------------------------------------------------------------------------------
David Smith 241158264 3001 11 22,313.00 74.48 22,290.01
--------------------------------------------------------------------------------------------------------------------------------
Donald Looney 227158843 3002 39 34,951.52 120.24 34,911.94
--------------------------------------------------------------------------------------------------------------------------------
Robert Huffhine 415923078 3003 6 43,786.70 145.41 43,742.34
--------------------------------------------------------------------------------------------------------------------------------
Johnny A Punch 241311711 3004 62 33,439.81 118.20 33,398.78
--------------------------------------------------------------------------------------------------------------------------------
Walter Bellamy 248232627 3005 15 36,782.49 123.29 36,744.08
--------------------------------------------------------------------------------------------------------------------------------
Ronnie Cadle 232173184 3006 15 33,053.07 110.79 33,018.56
--------------------------------------------------------------------------------------------------------------------------------
David Morris 418766517 3007 92 35,780.52 131.25 35,731.84
--------------------------------------------------------------------------------------------------------------------------------
Gary Setzer 246411124 3008 281 18,028.11 127.45 17,942.26
--------------------------------------------------------------------------------------------------------------------------------
Danny Nichols 243157730 3021 196 27,052.42 118.41 26,996.44
--------------------------------------------------------------------------------------------------------------------------------
Jeremy Sumlin 242530087 3022 12 29,451.70 98.41 29,421.26
--------------------------------------------------------------------------------------------------------------------------------
Earl F Price 238558941 3023 158 28,126.05 114.49 28,076.47
--------------------------------------------------------------------------------------------------------------------------------
Danny Buchanan 246310475 3024 1 30,730.00 101.54 30,699.38
--------------------------------------------------------------------------------------------------------------------------------
Robert Nichols 237311235 3025 26 34,678.27 117.60 34,640.70
--------------------------------------------------------------------------------------------------------------------------------
Brian Koontz 242317909 3031 11 50,992.27 170.21 50,939.73
--------------------------------------------------------------------------------------------------------------------------------
Jim Penley 225580031 3032 271 19,962.80 144.87 19,864.00
--------------------------------------------------------------------------------------------------------------------------------
Jamie Bobbitt 237573900 3102 24 52,539.81 177.79 52,483.27
--------------------------------------------------------------------------------------------------------------------------------
Kevin Adcock 227116963 3104 4 46,462.34 153.99 46,415.57
--------------------------------------------------------------------------------------------------------------------------------
Mickey Dudley 246352560 3106 178 34,763.42 146.81 34,696.83
--------------------------------------------------------------------------------------------------------------------------------
Homer Casstevens 238949151 3107 43 39,163.80 135.35 39,118.83
--------------------------------------------------------------------------------------------------------------------------------
Larry W Freeman 244252213 3108 102 47,753.34 177.94 47,685.60
--------------------------------------------------------------------------------------------------------------------------------
William Coalson Jr 241042021 3109 16 35,534.77 119.23 35,497.54
--------------------------------------------------------------------------------------------------------------------------------
Rufus Sims 237197336 3110 11 50,791.29 169.54 50,738.96
--------------------------------------------------------------------------------------------------------------------------------
Craig A Kirby 226150430 3112 120 41,792.66 163.74 41,725.36
--------------------------------------------------------------------------------------------------------------------------------
Chris Allen 590589844 3113 57 34,260.33 120.37 34,219.02
--------------------------------------------------------------------------------------------------------------------------------
John Miller 244537986 3121 16 40,012.76 134.25 39,970.85
--------------------------------------------------------------------------------------------------------------------------------
Anthony Johnson 241274090 3122 5 43,657.64 144.84 43,613.55
--------------------------------------------------------------------------------------------------------------------------------
Dale Gilliam 245061559 3124 14 41,177.78 137.88 41,134.93
--------------------------------------------------------------------------------------------------------------------------------
Scott Hall 243067981 3125 5 30,678.78 101.78 30,647.80
--------------------------------------------------------------------------------------------------------------------------------
Danny R Perkins 402861001 3201 72 46,317.24 165.78 46,258.35
--------------------------------------------------------------------------------------------------------------------------------
Darrell G James 238354679 3203 319 29,534.08 183.09 29,419.15
--------------------------------------------------------------------------------------------------------------------------------
Randall Robinson 241273888 3204 11 80,353.62 268.21 80,270.84
--------------------------------------------------------------------------------------------------------------------------------
George A Bennett 246354182 3206 245 22,914.71 112.35 22,855.24
--------------------------------------------------------------------------------------------------------------------------------
Stephen King 246293041 3208 48 51,712.00 179.75 51,651.59
--------------------------------------------------------------------------------------------------------------------------------
246
Attachment to Annex C
Page 22
--------------------------------------------------------------------------------------------------------------------------------
John Ramsey 241355575 3209 24 55,120.73 186.52 55,061.41
--------------------------------------------------------------------------------------------------------------------------------
James Cooper 238114747 3210 14 55,421.21 185.57 55,363.54
--------------------------------------------------------------------------------------------------------------------------------
William Schmidt 371509630 3221 15 32,700.25 109.60 32,666.11
--------------------------------------------------------------------------------------------------------------------------------
Christopher Frese 265955648 3222 23 41,796.04 141.29 41,751.20
--------------------------------------------------------------------------------------------------------------------------------
Bruce Robinson 297585492 100 247 37,157.34 183.10 37,059.99
--------------------------------------------------------------------------------------------------------------------------------
James Keith White 223666231 101 33 77,964.30 266.43 77,877.79
--------------------------------------------------------------------------------------------------------------------------------
Ronnie Phelps 237769914 103 66 3,739.64 13.28 3,734.99
--------------------------------------------------------------------------------------------------------------------------------
Donna Faye Sammons 224179872 106 54 14,472.39 212.97 14,292.82
--------------------------------------------------------------------------------------------------------------------------------
Willie P. Jones, Jr. 223805612 107 31 21,473.00 111.17 21,411.38
--------------------------------------------------------------------------------------------------------------------------------
Kevin Wayne Lester 228231934 115 3 37,055.52 125.39 37,015.64
--------------------------------------------------------------------------------------------------------------------------------
Michael D Yancey 230199572 200 18 64,846.24 218.03 64,777.86
--------------------------------------------------------------------------------------------------------------------------------
Herbert R. King, Jr 231944623 201 54 27,693.02 355.40 27,401.53
--------------------------------------------------------------------------------------------------------------------------------
William Columbus Bristow 231508886 203 14 29,260.50 97.97 29,230.05
--------------------------------------------------------------------------------------------------------------------------------
Joseph M Guthrie 230026409 204 150 11,461.59 131.00 11,357.04
--------------------------------------------------------------------------------------------------------------------------------
Charles D Holt 223886970 205 6 47,510.18 157.62 47,462.20
--------------------------------------------------------------------------------------------------------------------------------
Calvin Johnson 527751199 206 77 50,779.84 181.52 50,715.50
--------------------------------------------------------------------------------------------------------------------------------
John R. Clark 223945572 207 18 47,702.27 160.39 47,651.96
--------------------------------------------------------------------------------------------------------------------------------
Bernard A. Birdsong 223588127 300 31 42,529.51 197.53 42,430.13
--------------------------------------------------------------------------------------------------------------------------------
Ronald L. Stinecipher 409703729 301 15 6,368.57 53.10 6,330.17
--------------------------------------------------------------------------------------------------------------------------------
Randy Day Pettry 224703868 304 111 29,194.81 110.36 29,151.82
--------------------------------------------------------------------------------------------------------------------------------
Curtis Wayne Barricks 229644388 305 24 41,060.00 139.09 41,015.66
--------------------------------------------------------------------------------------------------------------------------------
David T Bowles 223460380 308 15 3,408.81 28.42 3,388.26
--------------------------------------------------------------------------------------------------------------------------------
Grace Ann Harris 229356128 321 9 22,864.77 76.16 22,841.37
--------------------------------------------------------------------------------------------------------------------------------
Charles T Weade 228023450 400 60 46,854.01 165.22 46,796.91
--------------------------------------------------------------------------------------------------------------------------------
William D Terrell 230485057 401 47 29,407.45 102.10 29,373.21
--------------------------------------------------------------------------------------------------------------------------------
Kenneth E Massie 223563353 402 50 19,837.75 118.86 19,764.67
--------------------------------------------------------------------------------------------------------------------------------
Donald Ray Dedrick 227688388 403 168 32,948.81 136.57 32,888.28
--------------------------------------------------------------------------------------------------------------------------------
Jerry W Ball 245727573 404 47 23,601.78 81.95 23,574.30
--------------------------------------------------------------------------------------------------------------------------------
Darrel Gutshall 223648467 430 194 8,345.09 35.59 8,328.76
--------------------------------------------------------------------------------------------------------------------------------
Timothy Keith Miller 590054989 432 67 37,013.12 131.64 36,966.89
--------------------------------------------------------------------------------------------------------------------------------
Boyd Keith Rexrode 228764909 434 133 45,308.59 176.88 45,236.27
--------------------------------------------------------------------------------------------------------------------------------
Raymond Ralph Ritchie 227740272 435 304 24,492.76 121.35 24,427.93
--------------------------------------------------------------------------------------------------------------------------------
Anthony Shane Sites 235213041 436 9 41,196.19 137.23 41,154.03
--------------------------------------------------------------------------------------------------------------------------------
Mark E Kearney 559062503 580 206 19,762.30 88.16 19,719.75
--------------------------------------------------------------------------------------------------------------------------------
James A. Herring 229237844 582 3 49,986.02 187.59 49,913.78
--------------------------------------------------------------------------------------------------------------------------------
Paul Jason Thomas 227191506 583 11 39,204.19 130.86 39,163.80
--------------------------------------------------------------------------------------------------------------------------------
Brent L. Barnes 230084849 585 4 30,249.10 100.25 30,218.66
--------------------------------------------------------------------------------------------------------------------------------
Lawrence Eugene
Walker,Jr. 559577240 587 163 28,301.33 116.25 28,250.39
--------------------------------------------------------------------------------------------------------------------------------
David Romeo Genest 2366925 588 520 84.92 85.12 0.00
--------------------------------------------------------------------------------------------------------------------------------
Jody Mosser 520823249 591 50 23,753.95 120.59 23,688.18
--------------------------------------------------------------------------------------------------------------------------------
Ed Hand 226084733 592 7 51,150.51 170.04 51,098.51
--------------------------------------------------------------------------------------------------------------------------------
William S. White,Jr. 225270250 593 72 38,518.98 137.69 38,470.18
--------------------------------------------------------------------------------------------------------------------------------
Johnny Gordon 223319738 642 31 59,113.92 201.56 59,048.78
--------------------------------------------------------------------------------------------------------------------------------
Bruce A. Prillaman 226044881 643 27 49,454.47 198.21 49,370.39
--------------------------------------------------------------------------------------------------------------------------------
Justin Joseph 220929944 645 32 56,851.36 194.06 56,788.50
--------------------------------------------------------------------------------------------------------------------------------
James William Hurd 232660084 647 47 5,755.36 90.33 5,678.31
--------------------------------------------------------------------------------------------------------------------------------
Neil Clark Townsend 224664080 850 415 12,567.17 132.70 12,463.47
--------------------------------------------------------------------------------------------------------------------------------
Bernard Edward Lamay 231649504 851 172 32,546.05 135.89 32,485.27
--------------------------------------------------------------------------------------------------------------------------------
Keith C. Reed 231047923 852 17 55,046.50 253.89 54,919.64
--------------------------------------------------------------------------------------------------------------------------------
Joel L. Dollarhite 223925872 853 35 39,261.66 134.62 39,217.64
--------------------------------------------------------------------------------------------------------------------------------
247
Attachment to Annex C
Page 23
----------------------------------------------------------------------------------------------------------------------
John Delbert Via 229319837 860 304 26,227.58 153.52 26,134.59
----------------------------------------------------------------------------------------------------------------------
Deborah Berberette 230909814 861 45 39,129.17 135.54 39,083.93
----------------------------------------------------------------------------------------------------------------------
Thomas Eroh, Jr 180543824 862 15 45,604.74 152.86 45,557.12
----------------------------------------------------------------------------------------------------------------------
Blaine Staton 226962312 870 51 35,622.26 175.56 35,528.91
----------------------------------------------------------------------------------------------------------------------
Kenneth Ray Clark 227901795 871 1 51,769.00 171.06 51,717.41
----------------------------------------------------------------------------------------------------------------------
Eric Moran 229251654 903 2 50,739.38 167.83 50,688.64
----------------------------------------------------------------------------------------------------------------------
John Leech Jr 577827092 906 595 41,422.07 148.83 41,368.83
----------------------------------------------------------------------------------------------------------------------
Wesley Allen Webb 225232949 908 26 70,058.08 237.58 69,982.17
----------------------------------------------------------------------------------------------------------------------
Michael Richard Neighbors 250135964 915 1 24,197.00 140.86 24,111.98
----------------------------------------------------------------------------------------------------------------------
William Keith Hanks 228131254 2071 10 29,805.16 145.75 29,728.19
----------------------------------------------------------------------------------------------------------------------
Robert P Davis 216720010 2075 320 14,745.72 108.10 14,671.65
----------------------------------------------------------------------------------------------------------------------
Mark Woodyard 579962158 2120 2 66,004.15 218.32 65,938.15
----------------------------------------------------------------------------------------------------------------------
Martin W. Henderson 529888844 2122 9 47,286.83 157.52 47,238.43
----------------------------------------------------------------------------------------------------------------------
Joseph Travis Peyton 227255740 2123 18 31,015.38 104.28 30,982.67
----------------------------------------------------------------------------------------------------------------------
David Tetzlaff 279684362 2124 34 50,321.87 50,438.00 0.00
----------------------------------------------------------------------------------------------------------------------
Richard C. Pruitt 253515362 2125 9 44,784.90 148.76 44,739.49
----------------------------------------------------------------------------------------------------------------------
William Bryant Regan 591942425 2126 34 45,686.81 45,792.24 0.00
----------------------------------------------------------------------------------------------------------------------
Robert Duane Lindsay 235881198 2202 41 19,776.57 158.80 19,663.41
----------------------------------------------------------------------------------------------------------------------
William H. Barrett, Jr 6467485 2203 74 48,418.82 173.74 48,356.82
----------------------------------------------------------------------------------------------------------------------
Warren Lambert 227885407 2204 143 37,648.96 149.39 37,586.45
----------------------------------------------------------------------------------------------------------------------
Kevin A. Byars 116502409 2205 98 19,592.25 72.60 19,564.86
----------------------------------------------------------------------------------------------------------------------
James M Daughtry 223941405 2206 104 40,729.18 152.20 40,670.97
----------------------------------------------------------------------------------------------------------------------
James Junius Vaughan 227546889 2207 460 8,726.88 153.55 8,593.47
----------------------------------------------------------------------------------------------------------------------
Kenneth P. Hendricks 223158292 2208 322 45,378.76 285.55 45,197.93
----------------------------------------------------------------------------------------------------------------------
Ruben Calderon 156649567 3000 10 39,826.17 132.80 39,785.28
----------------------------------------------------------------------------------------------------------------------
James Emmanuel Goldman Sr 231152951 3001 31 31,975.58 117.98 31,931.39
----------------------------------------------------------------------------------------------------------------------
James William Arrington 228582891 3003 32 22,330.50 82.17 22,299.86
----------------------------------------------------------------------------------------------------------------------
Lloyd Lemont Edmonds 231026013 3004 14 30,474.29 102.04 30,442.58
----------------------------------------------------------------------------------------------------------------------
Van B. Ferguson 224781754 3020 270 28,331.41 148.85 28,247.94
----------------------------------------------------------------------------------------------------------------------
William A. Thompson 223439305 3021 82 38,878.23 140.96 38,826.99
----------------------------------------------------------------------------------------------------------------------
Charles Thompson 243787616 3022 21 31,878.65 115.43 31,836.79
----------------------------------------------------------------------------------------------------------------------
Frank Dwight Worsham 225430614 3100 63 33,226.59 128.69 33,174.58
----------------------------------------------------------------------------------------------------------------------
James D Mullins 232114930 3101 8 30,122.24 174.15 30,017.60
----------------------------------------------------------------------------------------------------------------------
Danny Elroy Alexander 229045252 3102 18 43,230.72 145.36 43,185.12
----------------------------------------------------------------------------------------------------------------------
Daniel Spencer Eure 230623772 3104 290 15,336.46 119.88 15,251.97
----------------------------------------------------------------------------------------------------------------------
Frank Worsham 227626546 3105 49 37,190.88 129.43 37,147.28
----------------------------------------------------------------------------------------------------------------------
Chad Randolph Turner 227881047 3106 43 35,930.06 124.18 35,888.80
----------------------------------------------------------------------------------------------------------------------
Michael Jonah Brown 230175182 3150 117 37,923.63 144.43 37,866.72
----------------------------------------------------------------------------------------------------------------------
Roger Newton 224882451 3152 117 6,783.00 146.48 6,652.17
----------------------------------------------------------------------------------------------------------------------
Johnnie M Powell 228521673 3153 180 2,911.69 14.11 2,904.30
----------------------------------------------------------------------------------------------------------------------
Don Neely 225191125 3155 143 24,676.10 108.50 24,624.54
----------------------------------------------------------------------------------------------------------------------
Eric David Hanks 231371649 3156 45 33,415.18 115.75 33,376.54
----------------------------------------------------------------------------------------------------------------------
Page W. Summerlin 237908946 3201 248 43,395.59 189.55 43,306.18
----------------------------------------------------------------------------------------------------------------------
Grant Edwin Schages 224393760 3204 115 47,653.23 180.94 47,582.26
----------------------------------------------------------------------------------------------------------------------
Kenneth Green 218565724 3205 26 31,530.95 106.93 31,496.78
----------------------------------------------------------------------------------------------------------------------
Bobby Joe Collins 228503202 3220 3 33,632.74 111.36 33,598.99
----------------------------------------------------------------------------------------------------------------------
Mark Robertson 231118288 3221 4 46,948.88 155.60 46,901.62
----------------------------------------------------------------------------------------------------------------------
Jamey B. Arthur 227279928 3241 24 37,096.04 154.04 37,027.61
----------------------------------------------------------------------------------------------------------------------
Timothy Scott Morgan 224967056 3300 95 5,430.56 100.00 5,343.09
----------------------------------------------------------------------------------------------------------------------
Morgan Thomas Borum 229040738 3301 292 21,000.93 118.16 20,931.23
----------------------------------------------------------------------------------------------------------------------
248
Attachment to Annex C
Page 24
----------------------------------------------------------------------------------------------------------------------
Roger Lee Dowdy 226642400 3302 393 14,960.54 135.00 14,860.06
----------------------------------------------------------------------------------------------------------------------
Nathan G Holman, Jr 224841708 3303 79 35,490.70 128.17 35,444.43
----------------------------------------------------------------------------------------------------------------------
Steve Rogers 226112765 3304 84 32,612.78 118.56 32,569.48
----------------------------------------------------------------------------------------------------------------------
Daniel B. Puckett 231211217 3307 26 32,135.05 108.98 32,100.23
----------------------------------------------------------------------------------------------------------------------
Edward E. Evans 230025975 3400 228 35,009.29 164.95 34,925.13
----------------------------------------------------------------------------------------------------------------------
David Eagle 231067386 3401 24 31,260.05 149.06 31,183.13
----------------------------------------------------------------------------------------------------------------------
Charles D. Kidd 228883486 3402 41 52,303.31 180.35 52,243.66
----------------------------------------------------------------------------------------------------------------------
Marvin P.Owen 224962272 3403 43 56,209.11 194.26 56,144.56
----------------------------------------------------------------------------------------------------------------------
Darrell Crouch 223908125 3404 253 29,014.08 139.40 28,941.64
----------------------------------------------------------------------------------------------------------------------
William D. Luders 482684643 3406 220 31,244.12 163.25 31,152.97
----------------------------------------------------------------------------------------------------------------------
Larry Dean Johns 231133282 3407 4 47,277.89 156.69 47,230.30
----------------------------------------------------------------------------------------------------------------------
Michael Stinnette 229765154 3408 137 27,274.79 107.12 27,230.61
----------------------------------------------------------------------------------------------------------------------
Troy Hughes 498821066 220 12 53,489.35 178.80 53,433.99
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx Jr 436694230 222 43 42,219.98 145.95 42,171.46
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 439672581 224 38 48,960.23 168.25 48,904.97
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 435337790 232 256 42,546.32 214.80 42,429.70
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 433723448 234 375 12,106.21 97.80 12,036.35
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 433257586 235 12 36,253.29 121.15 36,215.80
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 433171098 238 120 22,483.65 86.00 22,449.54
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 433136739 239 141 43,132.48 170.60 43,061.42
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 439110668 242 208 35,095.02 157.60 35,018.41
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 452723500 310 107 53,460.75 200.65 53,383.47
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 372808720 321 116 28,004.82 28,069.45 0.00
----------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxxxx 464652166 323 24 22,508.34 76.15 22,484.13
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 461892273 373 10 41,431.53 138.15 41,388.99
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 449310430 374 10 47,723.89 159.15 47,674.87
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 458928303 375 10 54,254.46 180.90 54,198.76
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 458647942 377 356 8,683.82 63.40 8,640.46
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 461710209 431 138 44,413.77 174.90 44,341.36
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 455531074 435 34 29,420.30 100.65 29,387.54
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 459570119 437 113 44,371.89 168.10 44,306.19
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 445583272 439 300 33,029.85 191.00 32,915.07
----------------------------------------------------------------------------------------------------------------------
X X Xxxxxxx 444763271 450 16 57,681.67 193.50 57,621.28
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 448660591 452 61 48,970.54 173.00 48,910.55
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 444724874 453 16 55,149.78 185.00 55,092.05
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 448662094 454 23 54,330.36 183.70 54,272.04
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 489640042 530 118 10,940.09 41.70 10,923.64
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 451732031 531 32 62,542.91 213.50 62,473.74
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 451866849 532 12 54,676.78 182.70 54,620.26
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 585012499 534 77 47,446.98 171.00 47,385.47
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 510801232 537 32 45,583.65 155.60 45,533.24
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 570210516 538 113 37,326.25 141.35 37,271.04
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 566748491 540 12 55,774.08 186.40 55,716.39
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 459592774 565 12 41,870.48 139.90 41,827.20
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 451907058 566 389 11,885.11 104.65 11,807.89
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 573027953 567 126 35,588.78 137.45 35,533.46
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 456215864 620 123 12,756.79 49.05 12,737.18
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 449557476 621 123 24,088.49 92.60 24,051.48
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 449583064 622 117 19,488.57 19,533.54 0.00
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 538708092 623 59 26,119.68 92.00 26,087.96
----------------------------------------------------------------------------------------------------------------------
249
Attachment to Annex C
Page 25
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 466793919 624 46 18,475.73 64.05 18,454.32
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 437215685 625 59 22,798.54 80.30 22,770.85
----------------------------------------------------------------------------------------------------------------------
Xxxx W House 452111169 740 40 41,482.63 142.90 41,435.46
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 432173045 741 154 29,657.00 120.00 29,605.44
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 432191068 742 68 43,881.09 156.35 43,826.00
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 443667695 750 40 34,509.09 118.85 34,469.88
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx Page 463475900 751 46 56,298.58 195.30 56,233.20
----------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxx 448747805 753 244 19,290.81 94.40 19,240.93
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 431042035 761 289 20,914.89 116.55 20,846.61
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 458677414 762 32 47,808.44 163.25 47,755.52
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 430943689 764 177 44,597.66 188.05 44,512.53
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 429821306 773 289 24,396.48 135.95 24,316.83
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxxx 457551094 775 29 83,397.36 283.75 83,306.07
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 430451967 780 72 47,337.95 169.50 47,277.69
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 430820773 781 40 33,127.24 114.10 33,089.59
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 429984773 782 151 35,282.96 141.95 35,222.43
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 452198241 813 80 50,094.01 181.25 50,028.36
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 454796305 816 106 46,071.05 172.65 46,004.72
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 456153157 817 6 46,565.67 154.65 46,518.48
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 466827134 818 106 23,460.51 87.95 23,426.70
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 455333671 851 73 47,765.85 171.70 47,704.38
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxxxx 585164914 852 24 39,283.64 132.95 39,241.34
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 456887173 853 469 6,024.71 123.40 5,915.21
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 452299226 854 104 43,925.79 164.20 43,862.96
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 572475614 856 24 25,789.40 87.25 25,761.66
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxx 459232540 857 24 56,291.93 190.60 56,231.23
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 453134527 859 130 30,572.18 118.80 30,523.93
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 585608768 920 31 42,813.43 146.00 42,766.23
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxxxx 459616484 921 53 28,126.00 98.25 28,092.66
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 466747655 923 180 26,254.47 111.00 26,204.06
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 417883901 925 99 29,783.32 110.65 29,741.40
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 312844004 926 31 52,416.89 178.75 52,359.10
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 456638693 927 20 35,412.69 119.35 35,375.06
----------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxxxx 640165263 928 127 33,258.46 128.70 33,206.51
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 640684264 929 11 57,029.96 190.35 56,971.22
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 632682575 930 46 31,747.21 110.10 31,710.37
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 630680235 931 84 32,548.80 118.20 32,505.71
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 18421036 932 14 27,663.35 92.50 27,634.69
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 473129725 933 34 41,417.78 141.65 41,371.71
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx Xx 466639656 936 112 21,659.11 81.80 21,627.29
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 462376136 1021 12 62,320.96 208.25 62,256.53
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 454510489 1023 12 32,584.32 108.90 32,550.61
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 449499822 1026 25 44,230.72 149.85 44,182.94
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 459833299 1028 12 39,160.82 130.85 39,120.34
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 326640622 1029 12 46,785.08 156.35 46,736.70
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 570312713 1100 165 22,596.46 93.00 22,555.61
----------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 466251107 1101 31 37,498.85 127.85 37,457.54
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 460714575 1102 52 48,361.60 168.55 48,304.65
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxxx 461531340 1103 23 39,089.11 132.25 39,047.07
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 445608180 1105 31 53,241.24 181.50 53,182.60
----------------------------------------------------------------------------------------------------------------------
250
Attachment to Annex C
Page 26
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 463789077 1106 11 42,438.36 141.65 42,394.64
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 487922449 1107 45 40,798.83 141.25 40,751.73
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxx 454697960 1108 23 37,613.25 127.25 37,572.80
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 440600894 1109 18 32,842.00 110.50 32,807.29
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 450738606 1110 180 30,471.22 129.15 30,412.39
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 451802324 1201 72 38,062.22 136.20 38,013.86
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 463114165 1202 24 28,795.28 97.50 28,764.23
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 449296705 1203 24 19,531.76 66.00 19,510.83
----------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxx 457391223 1230 73 32,673.35 117.00 32,631.75
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 458374394 1231 51 27,117.07 94.65 27,085.00
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 456951144 1233 68 24,292.33 86.50 24,261.89
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 432823817 1234 98 23,722.72 88.00 23,689.46
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 460478645 1235 131 29,725.92 115.45 29,679.07
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 459294871 1243 97 29,904.41 110.50 29,862.92
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 463314563 1250 176 24,345.14 102.50 24,298.82
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 450834754 1251 11 23,149.73 77.25 23,125.90
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 461395884 1252 40 32,877.44 113.25 32,840.06
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 573110972 1254 14 34,156.81 114.25 34,121.38
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 461909614 1255 118 11,346.89 43.30 11,329.78
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 498761293 1400 23 47,089.78 159.00 47,039.45
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 575883434 1401 51 41,105.51 143.50 41,056.87
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 358522416 1403 113 39,450.87 149.35 39,392.56
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 458355170 1405 112 24,656.59 93.00 24,620.49
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 464432673 1406 34 106,657.82 364.50 106,539.45
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 509769622 1407 95 31,164.79 31,236.71 0.00
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 522045596 1408 180 15,088.64 63.25 15,060.21
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 552337887 1410 23 44,123.82 149.25 44,076.39
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 460477796 1411 14 40,964.85 137.15 40,922.23
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 465635470 1412 157 26,771.46 108.75 26,724.49
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 456191221 1413 167 19,052.45 78.95 19,017.47
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 461739684 1414 23 56,675.97 191.65 56,615.11
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 464210690 1415 30 45,817.22 155.80 45,767.15
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 508543053 1417 51 26,617.61 92.85 26,586.19
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 457531100 1418 14 25,125.24 84.15 25,099.07
----------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 459271132 1420 23 59,306.44 200.50 59,242.80
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 465775834 1422 150 26,151.80 105.00 26,107.15
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxx 435433599 1424 10 33,980.08 113.25 33,945.25
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxxx 436338241 1721 174 15,666.83 65.66 15,637.32
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 431632029 1722 196 20,150.14 88.25 20,108.39
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxx 430174185 1724 289 25,486.54 141.02 25,404.34
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 430886440 1727 289 29,432.15 163.98 29,336.09
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 431275867 1728 174 19,867.17 83.27 19,829.75
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 430618982 1750 88 28,949.66 105.80 28,910.67
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 431644721 1751 289 20,615.98 114.87 20,548.69
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 432988517 1753 289 19,101.89 106.42 19,039.55
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 461150687 1754 99 27,791.46 103.15 27,752.44
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 458196267 1757 151 23,353.95 95.25 23,312.59
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 430571982 1800 10 29,401.76 98.00 29,371.61
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 438847290 1801 10 38,795.71 129.35 38,755.89
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 435314029 1802 294 21,702.53 123.00 21,629.61
----------------------------------------------------------------------------------------------------------------------
251
Attachment to Annex C
Page 27
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxxx 550357896 1803 63 43,192.85 153.00 43,139.53
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx 431578408 1804 10 29,600.05 98.65 29,569.71
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 437213647 1805 10 35,922.12 119.75 35,885.27
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 438115431 1806 243 19,258.62 94.00 19,209.06
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 437435878 1809 2 41,478.62 137.20 41,437.14
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx, Xx 437398437 1820 121 39,382.95 151.00 39,322.83
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 431699515 2100 12 40,129.84 134.10 40,088.35
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 459278003 2101 194 50,400.35 219.70 50,296.96
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 537666299 2103 72 28,823.44 103.15 28,786.81
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 572130597 2104 106 23,198.19 86.94 23,164.78
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 431782022 2105 195 24,440.64 106.76 24,390.28
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 435314025 2107 106 35,048.77 131.35 34,998.30
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 432114487 2109 77 42,149.13 151.85 42,094.55
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 432157262 2202 171 30,213.85 125.93 30,157.64
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 427494751 2203 5 46,931.50 155.70 46,884.10
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 457278637 2204 140 35,539.45 140.20 35,481.26
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 432048472 2300 112 32,787.89 151.27 32,712.28
----------------------------------------------------------------------------------------------------------------------
Miles Daubenheyer 431711261 2301 112 28,512.08 107.79 28,470.09
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxxx 431619644 2303 34 30,626.95 104.80 30,592.83
----------------------------------------------------------------------------------------------------------------------
Xxx Xxxxx 431392659 2310 154 22,433.58 90.70 22,394.65
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 431670309 2311 34 32,781.45 112.15 32,744.95
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 451040735 2320 154 40,854.92 165.16 40,784.04
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 445883805 2400 9 39,728.80 132.25 39,688.23
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 440660400 2401 129 38,559.54 149.50 38,499.02
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 445762047 2402 44 36,466.62 126.30 36,424.47
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 104503072 2403 183 3,584.46 15.30 3,577.43
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 448840735 2405 26 46,089.43 156.25 46,039.54
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 525375794 2406 26 50,794.64 172.25 50,739.61
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 443804088 2409 26 46,955.09 159.25 46,904.20
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 445841999 2412 44 29,868.13 103.25 29,833.81
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 457981521 2420 196 16,051.73 70.25 16,018.52
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxxxx 388426478 2430 154 19,092.93 77.72 19,059.27
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 465171218 2431 26 28,889.70 98.00 28,858.37
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 446901067 2432 26 25,520.11 86.50 25,492.50
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 431698552 2500 72 43,120.61 154.35 43,065.77
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 431677874 2501 31 40,806.22 139.20 40,761.19
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxxx 431153688 2503 154 22,625.66 91.46 22,586.41
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 431439505 2504 154 31,157.12 126.00 31,103.02
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 431575799 2506 47 33,041.57 114.75 33,003.07
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 561661581 2508 65 35,046.15 124.35 35,002.68
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 430432725 2509 96 35,676.31 131.80 35,626.84
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 430698504 2510 15 40,754.46 136.60 40,711.91
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 447386485 2513 127 39,621.26 153.22 39,559.47
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 432572922 2600 34 21,972.56 75.20 21,948.07
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 429378067 2601 8 28,250.20 94.00 28,221.39
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 447465107 2602 193 9,078.27 39.70 9,059.52
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx Xx 430230068 2603 77 12,277.80 44.25 12,261.88
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 432496667 2604 8 43,244.10 143.90 43,199.99
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 437354311 2605 21 27,252.66 91.95 27,223.60
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 432211472 2608 8 32,897.41 109.45 32,863.88
----------------------------------------------------------------------------------------------------------------------
252
Attachment to Annex C
Page 28
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 600300450 2609 33 15,306.90 52.30 15,289.92
----------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 431613030 2612 34 22,079.28 75.55 22,054.68
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 432375117 2613 20 24,614.47 82.95 24,588.32
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 431516921 2614 34 28,039.99 95.90 28,008.80
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 430064489 2615 34 33,195.87 113.60 33,158.88
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 429232374 2619 34 19,723.85 67.45 19,701.92
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 431591436 2620 8 41,466.56 138.00 41,424.25
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 432712044 2621 34 32,452.31 111.05 32,416.15
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 455566866 2622 289 22,996.35 128.11 22,921.31
----------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 457741919 2624 289 31,360.38 174.73 31,258.02
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 185505194 2625 33 23,574.31 80.55 23,548.16
----------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 429618209 2630 34 31,477.20 107.70 31,442.14
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 430780923 2631 174 22,130.82 92.75 22,089.14
----------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxxxxx 236945628 180 25 50,799.36 50,916.59 0.00
----------------------------------------------------------------------------------------------------------------------
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Xxxxxx Xxxxxx 435151345 1561 258 29,119.22 147.83 29,038.59
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx Xx 461417888 1562 230 27,589.85 107.15 27,546.37
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 465595722 1563 32 31,547.40 107.69 31,512.51
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxxxxxx 461135567 1564 258 28,101.19 169.00 27,997.04
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx De La Fuente 452570768 1565 22 25,443.15 85.91 25,415.95
--------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 454198279 1653 77 37,876.20 136.43 37,827.18
--------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 453926643 1670 130 15,813.57 80.27 15,769.79
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 461065622 1672 258 18,483.06 93.82 18,431.89
--------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxxx Xx 458412744 1675 185 33,584.71 143.77 33,518.44
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 451937484 1676 66 45,272.65 160.82 45,216.31
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx Xx 463627237 1679 258 26,440.50 134.21 26,367.31
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 456135299 1681 258 28,487.60 144.61 28,408.73
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 464826975 1682 75 40,732.47 146.35 40,680.12
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxxxx Xxxxx 453635896 1698 49 44,387.73 154.48 44,335.68
--------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxx 449840768 1762 258 22,648.51 150.55 22,550.23
--------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 457437799 1763 258 17,759.76 90.16 17,710.58
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 463765408 1764 189 26,365.98 113.77 26,313.05
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx Xx 450807206 1765 258 29,402.21 149.26 29,320.80
--------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx Xx 457516939 1766 258 34,877.64 177.06 34,781.07
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 456115728 1767 234 34,426.25 164.16 34,341.54
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 631446002 1770 18 29,177.68 98.10 29,146.91
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxxx 577687644 1771 151 34,325.93 138.05 34,267.09
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 461533068 1772 226 38,560.28 180.36 38,468.91
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 466219256 1773 258 17,559.84 89.13 17,511.23
--------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 450154307 1774 189 36,825.27 158.91 36,751.34
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 459823184 1775 147 46,149.59 184.35 46,071.74
--------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 458313297 1781 258 25,767.34 130.80 25,696.00
258
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 451082798 1783 32 32,254.11 110.10 32,218.44
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 451417645 1851 40 42,443.02 146.18 42,394.79
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 467945566 1852 142 33,808.96 133.93 33,753.05
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 449437622 1854 261 24,029.18 123.01 23,961.62
----------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxx 454217013 1861 124 32,950.11 126.83 32,899.32
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 450540890 1871 261 24,263.40 124.20 24,195.19
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 467172556 1876 137 31,879.30 125.26 31,827.61
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx Xx 461602751 1880 261 24,101.99 123.37 24,034.24
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx Iii 464151374 1952 90 38,077.19 139.54 38,025.52
----------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxx 451640574 1953 261 23,274.32 119.14 23,208.89
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxx 465606474 1954 261 21,194.79 108.50 21,135.20
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx De Cock Jr 457681954 1955 29 32,051.55 109.05 32,016.47
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxx 467738860 1956 102 46,765.36 174.26 46,699.02
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 456455404 1957 8 31,993.70 106.46 31,961.07
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 454313751 1973 76 41,910.64 150.78 41,856.58
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxx Xx 269548086 2060 261 21,092.39 107.98 21,033.08
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx X Xxxxxx 452660633 2061 261 16,299.01 83.43 16,253.19
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 455252351 2062 32 39,127.02 133.56 39,083.75
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 453538605 2063 39 31,560.92 108.58 31,525.17
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 461494597 2066 27 27,058.48 91.86 27,029.06
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx X Xxxxx 466041298 2067 261 22,109.41 113.19 22,047.24
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 459472581 2401 107 27,006.19 149.50 26,919.01
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 449419800 2404 16 38,052.90 127.68 38,013.03
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxx 487646368 2405 101 30,957.05 115.19 30,913.30
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 460816071 2500 106 48,230.92 180.74 48,161.48
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 79489776 2501 98 43,703.30 168.74 43,635.41
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 570026618 2502 20 18,829.58 124.09 18,748.94
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxx 454064786 2504 128 32,520.49 169.83 32,425.71
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 299362361 2505 128 30,354.51 158.53 30,266.03
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxx 333568769 2507 128 21,166.87 95.25 21,120.47
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 432158177 2508 128 37,611.81 151.53 37,547.08
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 459922769 2509 268 25,558.04 133.47 25,483.55
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 460471648 2511 128 30,034.60 116.33 29,987.58
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 463116563 2512 22 31,138.51 105.14 31,105.23
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 467353867 2605 12 34,285.52 114.56 34,250.08
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 465495213 2606 8 35,171.18 117.04 35,135.30
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 466889721 2607 268 13,881.64 72.49 13,841.18
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 460477308 2611 40 36,763.42 126.62 36,721.64
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxxx 462946428 2612 268 21,376.34 111.64 21,314.03
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxxx 452694440 2614 128 29,644.18 154.82 29,557.77
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xx Xxxxx 452760423 2616 22 44,975.50 151.87 44,927.42
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx 449297917 2700 268 30,402.11 158.78 30,313.49
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxx 460767967 2701 169 30,257.64 125.64 30,201.83
----------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 461655267 2702 36 52,410.98 178.99 52,352.94
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx 451358163 2706 59 45,979.81 161.91 45,924.01
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 418923065 2708 268 22,468.47 117.34 22,402.98
----------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 456158548 2710 128 31,771.22 165.93 31,678.61
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 479783891 2712 103 32,291.65 120.50 32,245.67
----------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Xxxxxx 462647779 2714 126 28,203.41 147.10 28,121.39
----------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx 467703150 2800 27 25,243.74 97.98 25,204.01
----------------------------------------------------------------------------------------------------------------------------------
259
Attachment to Annex C
Page 35
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 458918344 2802 111 29,349.51 132.07 29,285.17
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Dancer 427257987 2805 150 33,900.39 136.11 33,842.51
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxxxx 453358026 2806 126 36,532.09 189.98 36,426.41
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxxx 463787072 2807 268 25,240.18 131.81 25,166.62
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 556311630 2808 268 17,342.22 90.57 17,291.67
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx 457195751 2812 190 33,110.59 143.17 33,043.83
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 453825472 2813 8 47,938.97 159.53 47,890.07
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx X Xxxxxxx 456665605 3041 158 30,028.46 122.23 29,975.53
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 451961299 3043 252 31,608.35 157.86 31,523.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 452139822 3046 8 25,906.74 86.21 25,880.31
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxxx 461118851 3048 174 32,411.77 135.84 32,350.73
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 467871864 3049 25 39,784.48 134.77 39,741.52
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xx Xxx 456973790 3161 12 30,764.96 102.80 30,733.16
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 464437770 3171 32 25,583.55 87.33 25,555.26
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 455375274 3240 88 34,826.51 127.29 34,779.59
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxx 458411431 3241 88 36,205.01 132.32 36,156.24
-------------------------------------------------------------------------------------------------------------------------------
Don De La Xxxx 451475667 3243 174 21,352.65 89.50 21,312.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 404156417 3253 148 26,844.24 107.41 26,798.78
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxxxx 452233133 3301 195 35,574.95 155.39 35,501.66
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 524450145 3302 118 43,800.75 167.07 43,734.76
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 457258036 3304 120 48,376.70 184.70 48,303.64
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx 463492005 3305 123 21,500.80 94.70 21,455.72
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx 462709389 3306 203 19,298.16 138.03 19,204.66
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 450793136 3309 49 33,886.74 117.93 33,847.01
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 457965494 3310 40 39,583.79 136.34 39,538.80
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx Xx 451193047 3311 12 40,278.35 134.58 40,236.72
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 450279023 3312 123 30,669.35 129.28 30,610.85
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx X Xxxxxx 179547145 3314 194 32,445.85 141.43 32,379.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 451279084 3400 8 46,183.30 153.68 46,136.20
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxx 191403677 3402 8 27,058.59 90.04 27,030.99
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 454041527 3403 54 29,076.40 101.79 29,041.71
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 464431931 3410 268 18,913.65 98.77 18,858.53
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 461291328 3411 22 36,011.74 121.60 35,973.24
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxx 462663264 3412 268 28,418.68 148.41 28,335.85
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx 455983915 3413 32 39,688.36 135.48 39,644.47
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxxx 460807376 3500 128 23,560.07 126.01 23,488.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 451024121 3501 128 35,648.13 190.65 35,539.74
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxx 462970183 3502 276 29,548.61 158.03 29,458.77
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 203505846 3503 145 33,144.85 131.95 33,089.39
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 454235922 3505 203 22,334.74 119.09 22,267.19
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxx 458594536 3601 254 22,396.82 112.45 22,336.05
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxx 589706071 3602 72 21,224.29 75.97 21,197.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 455742692 3604 223 44,836.47 208.24 44,731.70
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx 454633784 3605 137 31,939.91 125.49 31,888.13
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxx Xx 465599023 3606 118 35,767.42 140.08 35,709.88
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 645546790 3607 70 36,629.90 130.77 36,583.66
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 449291325 3608 88 20,526.33 75.02 20,498.68
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx Xx 462452513 3609 22 25,834.62 87.23 25,807.01
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxx 459783336 3701 276 5,296.81 28.32 5,280.71
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxx 452624867 3703 276 17,591.83 94.09 17,538.34
-------------------------------------------------------------------------------------------------------------------------------
260
Attachment to Annex C
Page 36
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxx 465230517 3704 139 27,851.36 109.79 27,805.84
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx 461762049 3705 276 13,095.37 70.03 13,055.56
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 627057597 3706 18 23,526.75 79.11 23,501.93
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx X Xxxxxx 633485180 3707 121 27,203.47 104.23 27,162.02
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxxxx 451619269 3708 66 18,008.71 63.97 17,986.30
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxx 456896546 3709 36 31,071.78 106.53 31,036.95
-------------------------------------------------------------------------------------------------------------------------------
Xxxxx Xxxxxxx 463431728 3710 276 12,016.43 64.27 11,979.89
-------------------------------------------------------------------------------------------------------------------------------
Xxx Xxxxxx Xx 461596347 3711 146 31,586.50 125.96 31,533.43
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxx 450616772 3712 18 25,777.34 86.67 25,750.16
-------------------------------------------------------------------------------------------------------------------------------
R Xxxxxxxxx 453238888 3800 273 34,197.83 181.25 34,095.50
-------------------------------------------------------------------------------------------------------------------------------
J Xxxxx 450608061 3801 273 18,960.49 100.49 18,903.75
-------------------------------------------------------------------------------------------------------------------------------
A Xxxxxxx 449923169 3803 215 32,829.66 149.70 32,755.72
-------------------------------------------------------------------------------------------------------------------------------
Xxxxxxxx Xxxxx 463491278 3805 137 36,419.77 143.10 36,360.72
-------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxxxxx 461537047 3807 32 40,617.73 138.65 40,572.81
-------------------------------------------------------------------------------------------------------------------------------
Xxxx X Xxxxxxx 450158179 3808 129 44,874.56 174.08 44,804.04
-------------------------------------------------------------------------------------------------------------------------------
David Longoria 453848741 3810 276 29,316.65 156.80 29,227.50
-------------------------------------------------------------------------------------------------------------------------------
Steven Smithwich 231021766 132 68 4,864.32 137.31 4,738.24
-------------------------------------------------------------------------------------------------------------------------------
Jack K Jenkins 229542771 134 58 50,193.15 228.38 50,080.60
-------------------------------------------------------------------------------------------------------------------------------
Edwin Cordero Jr 227945171 135 48 61,569.36 214.02 61,497.42
-------------------------------------------------------------------------------------------------------------------------------
Michael L Parker 223721713 136 95 42,924.97 158.61 42,865.42
-------------------------------------------------------------------------------------------------------------------------------
John F Quinn 59462512 243 215 29,378.64 133.97 29,312.47
-------------------------------------------------------------------------------------------------------------------------------
Gordon M Westrick 378506604 244 95 41,159.83 168.15 41,086.66
-------------------------------------------------------------------------------------------------------------------------------
Larry Davis 228926843 330 148 20,753.64 122.12 20,679.41
-------------------------------------------------------------------------------------------------------------------------------
Jack Harley Alligood 223487418 331 148 2,565.47 45.14 2,526.25
-------------------------------------------------------------------------------------------------------------------------------
Carlton E Joyner 228608305 332 120 31,924.52 122.14 31,876.05
-------------------------------------------------------------------------------------------------------------------------------
Carlos Perez, Jr 51609937 333 47 45,186.30 156.89 45,133.69
-------------------------------------------------------------------------------------------------------------------------------
David L Kelley 248230307 335 65 33,464.22 119.62 33,421.83
-------------------------------------------------------------------------------------------------------------------------------
Sandra Ulwelling 469507529 431 23 41,382.03 139.88 41,337.65
-------------------------------------------------------------------------------------------------------------------------------
John David Wells 229216698 432 246 10,968.52 78.86 10,914.97
-------------------------------------------------------------------------------------------------------------------------------
Samuel Dejean 570495643 433 2 44,285.82 146.48 44,241.54
-------------------------------------------------------------------------------------------------------------------------------
Wendell N Quesenberry 230965193 436 83 43,411.15 220.37 43,290.96
-------------------------------------------------------------------------------------------------------------------------------
Dennis Wells 228257632 437 22 52,843.44 178.43 52,786.96
-------------------------------------------------------------------------------------------------------------------------------
Jeffrey S Clinton 225043187 531 80 47,871.21 173.11 47,808.57
-------------------------------------------------------------------------------------------------------------------------------
Kevin E Smith 230194162 532 173 41,457.36 181.84 41,371.19
-------------------------------------------------------------------------------------------------------------------------------
Wyatt R Bowman 231645726 533 132 31,245.69 121.78 31,196.02
-------------------------------------------------------------------------------------------------------------------------------
George Taylor 237640167 536 212 25,121.09 115.08 25,063.98
-------------------------------------------------------------------------------------------------------------------------------
Arlyn D Pirtle 358624564 537 64 58,505.42 207.31 58,433.12
------------------------------------------------------------------------------------------------------------------------------
Marty Manchester 480821172 633 19 16,733.28 117.98 16,653.92
-------------------------------------------------------------------------------------------------------------------------------
David Smith 228215162 634 112 34,565.93 150.67 34,495.03
-------------------------------------------------------------------------------------------------------------------------------
Walter E Mclaughlin 231042065 635 64 42,904.54 152.03 42,851.52
-------------------------------------------------------------------------------------------------------------------------------
Michael T Kane 152486329 636 56 30,179.34 105.90 30,143.08
-------------------------------------------------------------------------------------------------------------------------------
Richard L Lawhon 227433288 640 64 55,129.65 195.35 55,061.52
-------------------------------------------------------------------------------------------------------------------------------
John Stephen Beckham 230741251 701 69 33,318.24 155.48 33,239.65
-------------------------------------------------------------------------------------------------------------------------------
Tommy Obrien Favor 255927758 702 36 38,548.69 132.17 38,505.48
-------------------------------------------------------------------------------------------------------------------------------
Daniel G Nickisher 195508148 704 83 38,939.87 141.37 38,888.36
-------------------------------------------------------------------------------------------------------------------------------
John S Bailey 228358192 813 160 36,972.87 164.93 36,893.26
-------------------------------------------------------------------------------------------------------------------------------
Richard Byrd 206327339 814 51 63,584.21 234.62 63,496.32
-------------------------------------------------------------------------------------------------------------------------------
Billie Lee Daniels 240801861 900 142 512.78 57.63 456.33
-------------------------------------------------------------------------------------------------------------------------------
Stephen Brinkley 225297527 902 97 47,294.83 175.00 47,228.97
-------------------------------------------------------------------------------------------------------------------------------
Donald E. Powell 577806796 905 97 22,584.42 83.57 22,552.97
-------------------------------------------------------------------------------------------------------------------------------
261
Attachment to Annex C
Page 37
-------------------------------------------------------------------------------------------------------------------------------
Tony Jones 240983565 1102 74 32,939.50 118.19 32,897.32
-------------------------------------------------------------------------------------------------------------------------------
William Jeanes 244251424 1104 74 45,922.92 164.79 45,864.11
-------------------------------------------------------------------------------------------------------------------------------
Steve Shaw 242213917 1107 3 45,568.89 150.87 45,523.18
-------------------------------------------------------------------------------------------------------------------------------
Eric Boyer 266879362 1112 23 48,690.95 164.59 48,638.72
-------------------------------------------------------------------------------------------------------------------------------
William Burton 246199331 1115 74 25,958.86 93.15 25,925.62
-------------------------------------------------------------------------------------------------------------------------------
Charles Taylor 238622245 1201 74 37,764.36 135.51 37,716.00
-------------------------------------------------------------------------------------------------------------------------------
Kenneth Faircloth 238519754 1202 5 49,845.79 165.37 49,795.45
-------------------------------------------------------------------------------------------------------------------------------
Nathan Brehm 286700526 1203 2 50,333.79 166.48 50,283.46
-------------------------------------------------------------------------------------------------------------------------------
John Clegg Jr 266518506 1204 56 35,395.49 126.85 35,350.32
-------------------------------------------------------------------------------------------------------------------------------
David Dwayne Akins 240296360 1207 26 42,210.31 143.14 42,164.58
-------------------------------------------------------------------------------------------------------------------------------
Dan K. Ellis 256824073 1208 40 40,725.48 140.27 40,679.19
-------------------------------------------------------------------------------------------------------------------------------
Robert F Halton 488782251 1302 12 55,897.87 199.06 55,827.81
-------------------------------------------------------------------------------------------------------------------------------
Jody Bussiere 5789917 1306 9 38,340.04 134.56 38,293.96
-------------------------------------------------------------------------------------------------------------------------------
Bailey Howard 241117153 1309 2 38,620.66 138.58 38,571.20
-------------------------------------------------------------------------------------------------------------------------------
Michael Kelly 220560258 1310 74 55,636.92 199.64 55,565.67
-------------------------------------------------------------------------------------------------------------------------------
Mark Fairweather 225986948 1312 32 51,871.78 188.76 51,802.72
-------------------------------------------------------------------------------------------------------------------------------
Edward W. Johnson 200427951 1313 52 53,635.99 187.32 53,572.45
-------------------------------------------------------------------------------------------------------------------------------
Clifford Rutledge 237941187 1316 74 43,328.74 155.47 43,273.26
-------------------------------------------------------------------------------------------------------------------------------
Samuel Roy Shaver 273480265 1318 34 50,852.99 173.97 50,796.37
-------------------------------------------------------------------------------------------------------------------------------
James Parin 240042808 1322 12 42,400.87 152.15 42,346.57
-------------------------------------------------------------------------------------------------------------------------------
Gary Johnson 413239570 1324 12 43,404.20 150.01 43,354.35
-------------------------------------------------------------------------------------------------------------------------------
Keith Wall 243435987 1450 74 21,741.83 78.01 21,713.99
-------------------------------------------------------------------------------------------------------------------------------
Tim Ressigue 126566850 1451 74 28,116.78 185.30 27,996.36
-------------------------------------------------------------------------------------------------------------------------------
Ivan Lewis 237927038 1452 74 46,374.84 166.40 46,315.46
-------------------------------------------------------------------------------------------------------------------------------
Charles Narron 246944754 1453 74 45,352.04 162.74 45,293.96
-------------------------------------------------------------------------------------------------------------------------------
Marshall Perry 239235283 1454 58 77,389.14 272.22 77,295.51
-------------------------------------------------------------------------------------------------------------------------------
Jeff Prichard 237356795 1455 74 52,562.65 188.61 52,495.34
-------------------------------------------------------------------------------------------------------------------------------
Stanley Krycia 34521438 1456 28 41,550.55 163.52 41,482.92
-------------------------------------------------------------------------------------------------------------------------------
Pleasant Carr 244292646 1457 57 49,123.10 171.94 49,064.52
-------------------------------------------------------------------------------------------------------------------------------
Tedric Jeffery 249112024 1458 74 46,918.13 168.35 46,858.05
-------------------------------------------------------------------------------------------------------------------------------
Terry Mclamb 237086206 1460 74 57,792.97 207.38 57,718.96
-------------------------------------------------------------------------------------------------------------------------------
Tim Ratley 244251094 1550 74 39,523.33 141.82 39,472.72
-------------------------------------------------------------------------------------------------------------------------------
George B. Tarrant 245270252 1551 52 38,091.16 133.03 38,046.03
-------------------------------------------------------------------------------------------------------------------------------
Micah Martin 230981241 1552 74 31,548.31 113.21 31,507.90
-------------------------------------------------------------------------------------------------------------------------------
Richard Hobbs 240211935 1553 74 33,473.35 120.11 33,430.49
-------------------------------------------------------------------------------------------------------------------------------
Kevin Smith 238412336 1554 74 27,690.22 99.36 27,654.76
-------------------------------------------------------------------------------------------------------------------------------
Melvin Mcallister Jr 245066809 1555 7 42,814.92 142.33 42,771.39
-------------------------------------------------------------------------------------------------------------------------------
Rocky Mcleod 246292501 1580 74 33,528.45 120.31 33,485.51
-------------------------------------------------------------------------------------------------------------------------------
Kenneth Gautier 245259005 1581 44 38,018.84 131.54 37,975.04
-------------------------------------------------------------------------------------------------------------------------------
Donnie Eugene Bass 237748593 1582 51 32,822.24 114.49 32,783.49
-------------------------------------------------------------------------------------------------------------------------------
James Hunter 224988764 1583 74 39,643.06 142.25 39,592.29
-------------------------------------------------------------------------------------------------------------------------------
Tammy Davis 243317697 1600 21 36,775.18 124.04 36,736.01
-------------------------------------------------------------------------------------------------------------------------------
Steve Hickman 245357870 1601 74 24,144.81 86.64 24,113.89
-------------------------------------------------------------------------------------------------------------------------------
Larry Mccormick 241727900 1602 74 31,953.77 114.66 31,912.85
-------------------------------------------------------------------------------------------------------------------------------
Jesse Formyduval 244023657 1700 74 29,190.96 104.75 29,153.57
-------------------------------------------------------------------------------------------------------------------------------
Ronald Pridgen 246062453 1703 74 30,047.57 107.82 30,009.09
-------------------------------------------------------------------------------------------------------------------------------
Jeffrey M Hansen 75545619 2114 120 28,918.97 110.63 28,875.08
-------------------------------------------------------------------------------------------------------------------------------
Curtis Norman 241413340 2152 59 37,857.35 133.33 37,811.38
-------------------------------------------------------------------------------------------------------------------------------
Howard G Fulford 239661558 2300 63 27,494.84 99.33 27,458.96
-------------------------------------------------------------------------------------------------------------------------------
Timmy Carl Vines 240178179 2301 10 47,060.07 156.92 47,011.75
-------------------------------------------------------------------------------------------------------------------------------
262
Attachment to Annex C
Page 38
-------------------------------------------------------------------------------------------------------------------------------
Davis R Davis 219461091 2302 79 38,043.32 137.39 37,993.72
-------------------------------------------------------------------------------------------------------------------------------
Arden Jeff Hardee Jr 244371442 2303 10 39,792.16 140.14 39,743.85
-------------------------------------------------------------------------------------------------------------------------------
Fred R Wiggins Iii 265479532 2304 10 42,367.76 153.21 42,312.32
-------------------------------------------------------------------------------------------------------------------------------
Timothy Harris 239351389 2305 6 52,442.13 174.16 52,388.99
-------------------------------------------------------------------------------------------------------------------------------
William B Harrell 239599677 2306 79 36,139.97 130.52 36,092.85
-------------------------------------------------------------------------------------------------------------------------------
Herman L Ebron 243809461 2307 10 38,538.00 128.50 38,498.43
-------------------------------------------------------------------------------------------------------------------------------
James E. Sessoms 240905531 2308 61 42,997.30 151.80 42,944.72
-------------------------------------------------------------------------------------------------------------------------------
Timothy M Bryant 238086316 2400 79 26,771.41 96.68 26,736.51
-------------------------------------------------------------------------------------------------------------------------------
Emmett Land 240604476 2401 79 27,759.41 100.25 27,723.22
-------------------------------------------------------------------------------------------------------------------------------
Joe Nathan Rook Jr 240963868 2402 79 36,844.87 133.06 36,796.84
-------------------------------------------------------------------------------------------------------------------------------
Steve Storey 244804095 2403 79 31,483.03 113.70 31,441.98
-------------------------------------------------------------------------------------------------------------------------------
Dwayne O. Brinkley 244199321 2404 61 22,331.63 78.84 22,304.32
-------------------------------------------------------------------------------------------------------------------------------
Johnny Rawls 243862529 2500 79 23,843.26 86.11 23,812.17
-------------------------------------------------------------------------------------------------------------------------------
Richard M Campbell 551967726 2501 79 33,951.14 122.62 33,906.87
-------------------------------------------------------------------------------------------------------------------------------
Richard L Nichols 246848018 2502 79 40,320.13 145.62 40,267.56
-------------------------------------------------------------------------------------------------------------------------------
Clayton E Roberson 243082325 2503 59 41,647.72 146.68 41,597.15
-------------------------------------------------------------------------------------------------------------------------------
James F Allen 245981194 2504 79 27,375.33 98.86 27,339.64
-------------------------------------------------------------------------------------------------------------------------------
Jimmie Baker 240821238 2600 79 31,089.53 112.28 31,049.00
-------------------------------------------------------------------------------------------------------------------------------
Shelton E Rouse 243942884 2604 79 43,816.55 158.24 43,759.43
-------------------------------------------------------------------------------------------------------------------------------
Rodney R Canter 245311162 2703 39 25,554.34 102.43 25,510.88
-------------------------------------------------------------------------------------------------------------------------------
Bobby Gardner 243881875 2804 74 39,210.00 140.70 39,159.78
-------------------------------------------------------------------------------------------------------------------------------
Newsome Ayers 241645870 2805 74 31,567.17 113.27 31,526.75
-------------------------------------------------------------------------------------------------------------------------------
Peter W Coffey 68364395 3100 56 39,708.59 139.34 39,660.89
-------------------------------------------------------------------------------------------------------------------------------
Brian Mclain 237550408 3103 11 56,582.38 188.87 56,524.08
-------------------------------------------------------------------------------------------------------------------------------
Bill Hines 246725537 3104 74 26,013.27 93.35 25,979.95
-------------------------------------------------------------------------------------------------------------------------------
William Lehman 281749352 3105 20 37,327.97 125.78 37,288.33
-------------------------------------------------------------------------------------------------------------------------------
Dennis L Peterson 243113236 3200 53 48,289.80 168.85 48,232.39
-------------------------------------------------------------------------------------------------------------------------------
Clifford Clark 248084409 3201 6 55,576.62 199.42 55,505.45
-------------------------------------------------------------------------------------------------------------------------------
Matthew Parks 48541288 3202 6 55,692.80 184.95 55,636.37
-------------------------------------------------------------------------------------------------------------------------------
Walter Jones 238747199 3203 74 39,403.66 141.39 39,353.20
-------------------------------------------------------------------------------------------------------------------------------
Robert Kennedy 536684705 3204 74 43,556.97 156.29 43,501.20
-------------------------------------------------------------------------------------------------------------------------------
Martin Benton 244393062 3206 6 49,839.06 178.84 49,775.23
-------------------------------------------------------------------------------------------------------------------------------
Duane M. Coleman 240640269 3207 6 42,603.66 141.48 42,560.50
-------------------------------------------------------------------------------------------------------------------------------
Thomas Coleman 575397482 3301 12 70,626.44 237.97 70,551.45
-------------------------------------------------------------------------------------------------------------------------------
Stanley Morse 76389257 3302 12 34,819.57 116.34 34,783.58
-------------------------------------------------------------------------------------------------------------------------------
Ronnie Jackson 245179530 3303 18 27,950.11 93.98 27,920.63
-------------------------------------------------------------------------------------------------------------------------------
Harris Marshburn 242689544 3304 74 44,100.20 158.24 44,043.73
-------------------------------------------------------------------------------------------------------------------------------
Jimmy Whitman 246680335 3305 74 42,994.75 154.28 42,939.69
-------------------------------------------------------------------------------------------------------------------------------
David Nairn 163524924 3306 74 63,207.98 226.52 63,127.32
-------------------------------------------------------------------------------------------------------------------------------
Jason Mobley 244532432 3308 7 48,529.34 161.33 48,480.00
-------------------------------------------------------------------------------------------------------------------------------
Carroll Hill 238885439 3400 74 39,753.22 142.65 39,702.31
-------------------------------------------------------------------------------------------------------------------------------
Mark Houle 239195905 3401 68 29,515.80 105.11 29,478.80
-------------------------------------------------------------------------------------------------------------------------------
Robert E. Jones Iii 364627597 3402 20 44,188.83 148.89 44,141.91
-------------------------------------------------------------------------------------------------------------------------------
Jason Lund 232214211 3403 19 59,893.72 201.60 59,830.34
-------------------------------------------------------------------------------------------------------------------------------
Gary Carter 139508590 3404 74 38,280.13 137.36 38,231.11
-------------------------------------------------------------------------------------------------------------------------------
Craig Snyder 493529004 3405 74 39,965.05 143.41 39,913.87
-------------------------------------------------------------------------------------------------------------------------------
William Inman 241375723 3406 74 35,536.25 127.51 35,490.75
-------------------------------------------------------------------------------------------------------------------------------
Charles W. Heartsill 442424123 3407 26 39,569.61 134.19 39,526.73
-------------------------------------------------------------------------------------------------------------------------------
Robert Stinsberger 316420113 3408 74 25,425.09 91.23 25,392.53
-------------------------------------------------------------------------------------------------------------------------------
Bobby Ray Heath 237331538 3500 41 34,220.35 118.00 34,181.32
-------------------------------------------------------------------------------------------------------------------------------
263
Attachment to Annex C
Page 39
-------------------------------------------------------------------------------------------------------------------------------
Steve Linelli 149600424 3503 22 38,957.40 131.54 38,915.76
-------------------------------------------------------------------------------------------------------------------------------
Corey White 464634115 3504 22 36,373.89 122.82 36,335.01
-------------------------------------------------------------------------------------------------------------------------------
Charles Stewart 465932630 3506 74 33,003.33 118.43 32,961.06
-------------------------------------------------------------------------------------------------------------------------------
Robert Bass Jr 238413574 3600 6 29,636.90 98.42 29,606.87
-------------------------------------------------------------------------------------------------------------------------------
Marty Hamm 241945037 3601 12 44,144.99 147.50 44,099.36
-------------------------------------------------------------------------------------------------------------------------------
Kenneth Edmundson 246046144 3602 74 48,077.83 172.52 48,016.26
-------------------------------------------------------------------------------------------------------------------------------
Bobby Stafford 242602372 3603 74 41,898.76 150.35 41,845.10
-------------------------------------------------------------------------------------------------------------------------------
Greg Barrett 246513648 3604 74 37,313.28 133.89 37,265.50
-------------------------------------------------------------------------------------------------------------------------------
Le Vern J. Wade 242982117 3605 14 44,278.53 148.26 44,232.45
-------------------------------------------------------------------------------------------------------------------------------
Ernie Best 238475261 3606 11 40,948.47 136.68 40,906.29
-------------------------------------------------------------------------------------------------------------------------------
Tony Ezzell 243277940 3607 12 34,244.23 122.88 34,200.38
-------------------------------------------------------------------------------------------------------------------------------
John Baker 238595594 3700 7 44,629.98 148.36 44,584.61
-------------------------------------------------------------------------------------------------------------------------------
Larry Donnelle Beamon 246137182 3702 48 40,418.78 140.50 40,371.55
-------------------------------------------------------------------------------------------------------------------------------
Bill Asbury 239821885 3704 6 34,617.86 124.22 34,573.53
-------------------------------------------------------------------------------------------------------------------------------
Vickie Towner 349542492 3705 7 43,429.24 144.37 43,385.09
-------------------------------------------------------------------------------------------------------------------------------
Billy Curtis Smith 237707762 3706 43 47,479.99 164.09 47,425.47
-------------------------------------------------------------------------------------------------------------------------------
Rodney Powell 240375064 3800 74 36,927.11 132.51 36,879.82
-------------------------------------------------------------------------------------------------------------------------------
William Hudson 245318862 3801 6 40,813.65 135.54 40,772.30
-------------------------------------------------------------------------------------------------------------------------------
Michael Wayne 243353830 3803 74 35,474.53 127.29 35,429.10
-------------------------------------------------------------------------------------------------------------------------------
Peter Clark 238514300 3804 50 31,276.77 108.98 31,239.97
-------------------------------------------------------------------------------------------------------------------------------
Jerry Ramming 257067329 730 37 27,175.18 93.28 27,144.61
-------------------------------------------------------------------------------------------------------------------------------
Fred Dorsey 426133234 731 35 29,976.26 102.66 29,942.78
-------------------------------------------------------------------------------------------------------------------------------
Jimmy Rogers 413557634 733 21 26,829.13 91.89 26,799.15
-------------------------------------------------------------------------------------------------------------------------------
Derrick Irby 409393716 735 35 34,491.30 118.13 34,452.77
-------------------------------------------------------------------------------------------------------------------------------
Joshua Wilbanks 425410471 820 39 26,749.20 92.02 26,718.91
-------------------------------------------------------------------------------------------------------------------------------
William Whitley 415396378 823 35 26,521.97 90.84 26,492.33
-------------------------------------------------------------------------------------------------------------------------------
Alan Coulston 408338966 824 29 33,496.79 113.97 33,460.12
-------------------------------------------------------------------------------------------------------------------------------
Jerry Meyers 432906457 825 168 29,840.26 123.68 29,785.44
-------------------------------------------------------------------------------------------------------------------------------
Chris Browning 412179396 840 26 43,920.08 148.94 43,872.49
-------------------------------------------------------------------------------------------------------------------------------
Terence Freeman 464633572 841 21 22,155.85 76.05 22,130.93
-------------------------------------------------------------------------------------------------------------------------------
George Lipa 415760916 843 21 8,803.62 37.47 8,786.47
-------------------------------------------------------------------------------------------------------------------------------
Dusty Allen 462193912 901 71 30,392.88 100.58 30,362.44
-------------------------------------------------------------------------------------------------------------------------------
Sonya Devers 587433288 902 48 35,111.30 129.56 35,062.77
-------------------------------------------------------------------------------------------------------------------------------
Joey Devers 428573745 903 48 21,739.04 90.60 21,698.61
-------------------------------------------------------------------------------------------------------------------------------
Nicky Shaw 587353139 904 26 20,871.19 70.78 20,848.57
-------------------------------------------------------------------------------------------------------------------------------
Jason Hill 426354372 905 42 15,305.38 52.84 15,287.86
-------------------------------------------------------------------------------------------------------------------------------
Carl F Winkles 432476035 2208 32 10,454.41 35.69 10,442.85
-------------------------------------------------------------------------------------------------------------------------------
William Ray Clark 431330538 2209 32 13,919.85 47.52 13,904.45
-------------------------------------------------------------------------------------------------------------------------------
Bryant Adams 379668771 2222 35 35,649.20 122.09 35,609.38
-------------------------------------------------------------------------------------------------------------------------------
Gene Reynolds 417523228 2223 35 22,720.74 77.82 22,695.35
-------------------------------------------------------------------------------------------------------------------------------
Terrance Wilkins 415376252 2305 35 31,992.52 109.57 31,956.78
-------------------------------------------------------------------------------------------------------------------------------
Darryl Deason 401667020 2306 35 18,234.63 62.45 18,214.26
-------------------------------------------------------------------------------------------------------------------------------
Randy Hill 410152493 2307 35 23,048.89 78.94 23,023.14
-------------------------------------------------------------------------------------------------------------------------------
Terry Washington 427132061 2309 32 20,202.43 68.96 20,180.09
-------------------------------------------------------------------------------------------------------------------------------
Larry Rowsey 408043033 2400 18 25,482.50 85.68 25,455.63
-------------------------------------------------------------------------------------------------------------------------------
Torri Thomas 413276191 2401 20 26,379.83 88.89 26,351.82
-------------------------------------------------------------------------------------------------------------------------------
Danny Jones 410558919 2402 35 10,168.81 34.83 10,157.45
-------------------------------------------------------------------------------------------------------------------------------
Henry P Smith Iii 409377259 2403 32 18,827.77 64.27 18,806.95
-------------------------------------------------------------------------------------------------------------------------------
William Chapman 409068855 2404 18 25,482.50 85.68 25,455.63
-------------------------------------------------------------------------------------------------------------------------------
Brian Bently 402042818 2501 220 25,332.38 116.84 25,274.00
-------------------------------------------------------------------------------------------------------------------------------
264
Attachment to Annex C
Page 40
-------------------------------------------------------------------------------------------------------------------------------
Jeffery Jones 410299127 2502 48 34,496.90 119.91 34,456.60
-------------------------------------------------------------------------------------------------------------------------------
Jimmy Brown 415947141 2503 47 21,838.54 91.02 21,797.92
-------------------------------------------------------------------------------------------------------------------------------
Chester Hastings 546899331 2504 125 31,267.64 120.54 31,219.26
-------------------------------------------------------------------------------------------------------------------------------
Evert S Dean 426413319 2506 38 30,067.55 103.33 30,033.61
-------------------------------------------------------------------------------------------------------------------------------
Jim Trussell 411115701 2507 25 25,497.98 86.37 25,470.45
-------------------------------------------------------------------------------------------------------------------------------
261416389 20000850 5 30,406.22 101.39 30,249.39
-------------------------------------------------------------------------------------------------------------------------------
251758234 20000851 5 28,747.06 95.76 28,599.28
-------------------------------------------------------------------------------------------------------------------------------
254336147 20000852 5 21,212.65 123.94 20,835.98
-------------------------------------------------------------------------------------------------------------------------------
255399822 20000854 5 31,423.18 233.90 30,612.53
-------------------------------------------------------------------------------------------------------------------------------
261622187 20000855 5 13,977.97 104.64 13,614.38
-------------------------------------------------------------------------------------------------------------------------------
266715967 20000856 5 21,417.48 79.47 21,266.58
-------------------------------------------------------------------------------------------------------------------------------
253339916 20000858 5 29,235.31 110.03 29,021.51
-------------------------------------------------------------------------------------------------------------------------------
260256297 20000859 5 44,930.06 160.41 44,645.12
-------------------------------------------------------------------------------------------------------------------------------
260829415 20000860 5 9,779.34 73.17 9,525.16
-------------------------------------------------------------------------------------------------------------------------------
417963111 20000862 5 43,676.43 144.46 43,457.08
-------------------------------------------------------------------------------------------------------------------------------
262532588 20000863 5 32,631.22 110.07 32,456.57
-------------------------------------------------------------------------------------------------------------------------------
261668079 20000864 5 30,047.09 113.25 29,826.52
-------------------------------------------------------------------------------------------------------------------------------
262479907 20000866 5 19,471.90 82.71 19,282.16
-------------------------------------------------------------------------------------------------------------------------------
417139994 20000867 5 28,575.54 110.17 28,353.38
-------------------------------------------------------------------------------------------------------------------------------
424927903 20000868 5 27,079.23 100.05 26,890.56
-------------------------------------------------------------------------------------------------------------------------------
418986646 20000869 5 29,072.39 99.90 28,907.58
-------------------------------------------------------------------------------------------------------------------------------
417920647 20000870 5 27,146.89 115.54 26,881.20
-------------------------------------------------------------------------------------------------------------------------------
417966621 20000871 5 22,011.28 84.85 21,840.23
-------------------------------------------------------------------------------------------------------------------------------
260905460 20000872 5 24,963.47 121.44 24,642.84
-------------------------------------------------------------------------------------------------------------------------------
419068515 20000873 5 13,546.93 101.34 13,194.92
-------------------------------------------------------------------------------------------------------------------------------
417022653 20000874 5 16,931.13 126.69 16,491.01
-------------------------------------------------------------------------------------------------------------------------------
542800500 20000876 5 32,303.97 130.82 32,021.32
-------------------------------------------------------------------------------------------------------------------------------
260196686 20000878 5 22,435.11 82.55 22,280.51
-------------------------------------------------------------------------------------------------------------------------------
256619175 20000879 5 23,450.02 78.11 23,329.49
-------------------------------------------------------------------------------------------------------------------------------
464293174 20000880 5 21,049.08 81.02 20,886.10
-------------------------------------------------------------------------------------------------------------------------------
259130841 20000881 5 35,129.16 119.78 34,934.71
-------------------------------------------------------------------------------------------------------------------------------
257111860 20000882 5 25,013.77 164.84 24,475.71
-------------------------------------------------------------------------------------------------------------------------------
256887880 20000883 5 31,731.12 126.11 31,465.48
-------------------------------------------------------------------------------------------------------------------------------
255686222 20000884 5 14,614.96 111.69 14,223.35
-------------------------------------------------------------------------------------------------------------------------------
260171473 20000885 5 21,457.87 163.96 20,883.01
-------------------------------------------------------------------------------------------------------------------------------
411176740 20000887 5 28,231.06 96.16 28,075.29
-------------------------------------------------------------------------------------------------------------------------------
255643817 20000888 5 20,965.02 159.46 20,407.05
-------------------------------------------------------------------------------------------------------------------------------
256808055 20000889 5 14,202.32 107.94 13,824.75
-------------------------------------------------------------------------------------------------------------------------------
253138867 20000892 5 50,163.26 178.86 49,846.31
-------------------------------------------------------------------------------------------------------------------------------
256475589 20000893 5 40,141.45 135.54 39,925.94
-------------------------------------------------------------------------------------------------------------------------------
423983421 20000894 5 38,168.43 129.86 37,958.56
-------------------------------------------------------------------------------------------------------------------------------
255089135 20000896 5 34,739.67 117.30 34,553.15
-------------------------------------------------------------------------------------------------------------------------------
259379929 20000898 5 29,750.24 122.85 29,478.00
-------------------------------------------------------------------------------------------------------------------------------
259907600 20000899 5 14,981.65 114.46 14,580.36
-------------------------------------------------------------------------------------------------------------------------------
258298411 20000900 5 14,190.59 109.01 13,807.52
-------------------------------------------------------------------------------------------------------------------------------
256980096 20000901 5 50,855.04 173.21 50,574.49
-------------------------------------------------------------------------------------------------------------------------------
255923854 20000902 5 48,895.64 164.06 48,638.34
-------------------------------------------------------------------------------------------------------------------------------
256339025 20000903 5 51,641.59 172.02 51,376.13
-------------------------------------------------------------------------------------------------------------------------------
253191496 20000904 5 40,985.79 141.33 40,750.98
-------------------------------------------------------------------------------------------------------------------------------
259236366 20000905 5 40,386.20 141.38 40,144.18
-------------------------------------------------------------------------------------------------------------------------------
265
Attachment to Annex C
Page 41
-------------------------------------------------------------------------------------------------------------------------------
569720537 20000906 5 12,849.43 98.17 12,505.26
-------------------------------------------------------------------------------------------------------------------------------
257136398 20000908 5 42,471.56 152.99 42,195.39
-------------------------------------------------------------------------------------------------------------------------------
254866581 20000909 5 27,141.36 112.08 26,892.99
-------------------------------------------------------------------------------------------------------------------------------
254980306 20000910 5 36,764.16 160.26 36,385.32
-------------------------------------------------------------------------------------------------------------------------------
256197748 20000911 5 23,753.39 118.96 23,431.19
-------------------------------------------------------------------------------------------------------------------------------
258024384 20000912 5 31,301.10 108.68 31,118.03
-------------------------------------------------------------------------------------------------------------------------------
256199050 20000913 5 25,210.66 162.02 24,689.06
-------------------------------------------------------------------------------------------------------------------------------
259729965 20000914 5 20,511.93 156.73 19,962.43
-------------------------------------------------------------------------------------------------------------------------------
259023352 20000915 5 25,643.48 195.93 24,956.56
-------------------------------------------------------------------------------------------------------------------------------
253539542 20000916 5 35,184.93 117.20 35,004.08
-------------------------------------------------------------------------------------------------------------------------------
257061690 20000917 5 9,897.24 36.83 9,826.97
-------------------------------------------------------------------------------------------------------------------------------
258964358 20000919 5 21,430.33 154.04 20,904.98
-------------------------------------------------------------------------------------------------------------------------------
257061519 20000920 5 34,278.97 127.91 34,033.82
-------------------------------------------------------------------------------------------------------------------------------
258514456 20000922 5 44,853.69 149.72 44,621.57
-------------------------------------------------------------------------------------------------------------------------------
257849451 20000924 5 20,318.78 155.25 19,774.48
-------------------------------------------------------------------------------------------------------------------------------
256563470 20000925 5 15,652.79 119.58 15,233.57
-------------------------------------------------------------------------------------------------------------------------------
260983933 20000926 5 29,398.24 117.04 29,151.11
-------------------------------------------------------------------------------------------------------------------------------
123587932 20000927 5 44,671.96 152.66 44,422.97
-------------------------------------------------------------------------------------------------------------------------------
260704297 20000928 5 14,119.23 107.94 13,740.69
-------------------------------------------------------------------------------------------------------------------------------
260687875 20000929 5 40,893.85 234.00 40,192.48
-------------------------------------------------------------------------------------------------------------------------------
252377463 20000931 5 48,796.50 179.07 48,462.65
-------------------------------------------------------------------------------------------------------------------------------
265919525 20000933 5 54,600.00 180.42 54,326.64
-------------------------------------------------------------------------------------------------------------------------------
261678716 20000934 1 22,319.25 88.13 22,282.63
-------------------------------------------------------------------------------------------------------------------------------
591122484 20000935 5 31,053.22 168.66 30,565.98
-------------------------------------------------------------------------------------------------------------------------------
302505678 20000936 5 34,898.92 117.47 34,713.40
-------------------------------------------------------------------------------------------------------------------------------
314886418 20000937 5 30,762.22 127.98 30,475.95
-------------------------------------------------------------------------------------------------------------------------------
267430970 20000940 5 27,486.67 97.76 27,314.22
-------------------------------------------------------------------------------------------------------------------------------
267797213 20000942 3 23,409.56 106.51 23,251.73
-------------------------------------------------------------------------------------------------------------------------------
265616143 20000943 4 38,452.00 137.42 38,452.00
-------------------------------------------------------------------------------------------------------------------------------
20000943 4 38,452.00 137.42 37,964.17
-------------------------------------------------------------------------------------------------------------------------------
577647390 20000944 5 30,257.88 102.61 30,093.20
-------------------------------------------------------------------------------------------------------------------------------
20000946 1 39,589.51 187.86 39,493.01
-------------------------------------------------------------------------------------------------------------------------------
514641969 20000947 5 29,639.21 109.36 29,433.45
-------------------------------------------------------------------------------------------------------------------------------
229133984 20000948 5 45,536.36 165.10 45,234.90
-------------------------------------------------------------------------------------------------------------------------------
433432215 20000949 5 35,107.07 132.91 34,846.42
-------------------------------------------------------------------------------------------------------------------------------
258478420 20000950 5 5,693.07 26.75 5,624.70
-------------------------------------------------------------------------------------------------------------------------------
452044244 20000951 5 4,274.20 19.49 4,225.84
-------------------------------------------------------------------------------------------------------------------------------
266699568 20000952 5 53,936.56 181.74 53,648.88
-------------------------------------------------------------------------------------------------------------------------------
361522370 20000953 5 55,018.74 212.76 54,587.79
-------------------------------------------------------------------------------------------------------------------------------
590300223 20000954 5 53,230.00 175.89 52,963.52
-------------------------------------------------------------------------------------------------------------------------------
428396646 20000955 5 34,735.99 127.47 34,498.34
-------------------------------------------------------------------------------------------------------------------------------
420925528 20000957 5 32,915.45 115.78 32,715.42
-------------------------------------------------------------------------------------------------------------------------------
423988329 20000958 5 37,580.93 124.80 37,389.68
-------------------------------------------------------------------------------------------------------------------------------
435620444 20000959 5 18,038.67 77.53 17,858.33
-------------------------------------------------------------------------------------------------------------------------------
264838393 20000960 5 36,235.69 141.23 35,946.31
-------------------------------------------------------------------------------------------------------------------------------
109563142 20000963 5 36,509.35 127.81 36,290.55
-------------------------------------------------------------------------------------------------------------------------------
109561011 20000964 5 36,559.20 130.52 36,327.37
-------------------------------------------------------------------------------------------------------------------------------
264798380 20000965 5 68,812.42 227.83 68,465.67
-------------------------------------------------------------------------------------------------------------------------------
259924927 20000966 5 20,453.81 116.64 20,105.01
-------------------------------------------------------------------------------------------------------------------------------
261415115 20000968 5 38,926.50 132.01 38,714.63
-------------------------------------------------------------------------------------------------------------------------------
266
Attachment to Annex C
Page 42
-------------------------------------------------------------------------------------------------------------------------------
587336238 20000969 5 57,560.41 194.99 57,248.18
-------------------------------------------------------------------------------------------------------------------------------
593448718 20000970 3 42,624.27 144.86 42,484.46
-------------------------------------------------------------------------------------------------------------------------------
593247648 20000972 5 45,972.64 159.43 45,704.71
-------------------------------------------------------------------------------------------------------------------------------
144724999 20000973 5 39,210.53 139.29 38,965.38
-------------------------------------------------------------------------------------------------------------------------------
267907743 20000974 5 58,999.79 197.96 58,689.32
-------------------------------------------------------------------------------------------------------------------------------
457591263 20000976 5 24,901.20 103.59 24,669.50
-------------------------------------------------------------------------------------------------------------------------------
194581898 20000977 5 30,227.29 119.54 29,977.22
-------------------------------------------------------------------------------------------------------------------------------
416804041 20000978 5 23,309.51 91.00 23,122.61
-------------------------------------------------------------------------------------------------------------------------------
270583987 20000979 5 21,264.63 125.56 20,880.42
-------------------------------------------------------------------------------------------------------------------------------
591542069 20000981 5 32,207.39 109.34 32,031.49
-------------------------------------------------------------------------------------------------------------------------------
261737383 20000982 5 36,832.48 129.56 36,608.65
-------------------------------------------------------------------------------------------------------------------------------
261411750 20000983 5 10,817.33 80.92 10,536.23
-------------------------------------------------------------------------------------------------------------------------------
257493469 20000984 5 42,555.00 151.73 42,286.13
-------------------------------------------------------------------------------------------------------------------------------
257980377 20000986 4 36,839.73 131.03 36,655.04
-------------------------------------------------------------------------------------------------------------------------------
253192030 20000987 5 33,906.42 115.49 33,719.34
-------------------------------------------------------------------------------------------------------------------------------
42621819 20000988 5 21,031.63 160.68 20,468.32
-------------------------------------------------------------------------------------------------------------------------------
253112080 20000989 5 31,388.21 109.11 31,203.98
-------------------------------------------------------------------------------------------------------------------------------
256472031 20000990 5 48,911.20 161.78 48,665.53
-------------------------------------------------------------------------------------------------------------------------------
253258575 20000991 5 18,127.41 138.52 17,641.74
-------------------------------------------------------------------------------------------------------------------------------
258906857 20000992 2 14,029.47 66.42 13,961.31
-------------------------------------------------------------------------------------------------------------------------------
254116789 20000993 5 15,257.87 53.74 15,164.79
-------------------------------------------------------------------------------------------------------------------------------
258596265 20000994 5 27,557.54 98.26 27,383.39
-------------------------------------------------------------------------------------------------------------------------------
221130952 20000995 5 15,589.44 52.31 15,507.39
-------------------------------------------------------------------------------------------------------------------------------
254313018 20000996 5 18,947.76 63.57 18,848.08
-------------------------------------------------------------------------------------------------------------------------------
254888901 20000997 5 51,943.95 177.51 51,654.42
-------------------------------------------------------------------------------------------------------------------------------
252134375 20000998 5 53,566.94 183.26 53,267.34
-------------------------------------------------------------------------------------------------------------------------------
254781695 20001000 5 18,809.55 142.28 18,312.90
-------------------------------------------------------------------------------------------------------------------------------
259042760 20001001 5 20,587.87 157.31 20,036.33
-------------------------------------------------------------------------------------------------------------------------------
258022648 20001002 5 29,822.37 107.85 29,626.32
-------------------------------------------------------------------------------------------------------------------------------
258701019 20001003 5 37,714.77 145.17 37,422.75
-------------------------------------------------------------------------------------------------------------------------------
257926266 20001004 5 29,320.67 222.85 28,541.16
-------------------------------------------------------------------------------------------------------------------------------
262952256 20001005 5 20,580.20 101.43 20,309.26
-------------------------------------------------------------------------------------------------------------------------------
264259984 20001006 5 17,975.11 133.79 17,511.43
-------------------------------------------------------------------------------------------------------------------------------
263338161 20001007 5 19,380.92 69.46 19,256.68
-------------------------------------------------------------------------------------------------------------------------------
264779569 20001009 5 17,769.83 117.60 17,385.10
-------------------------------------------------------------------------------------------------------------------------------
590861656 20001010 5 54,532.98 191.59 54,202.74
-------------------------------------------------------------------------------------------------------------------------------
247335342 20001011 5 72,612.11 247.86 72,208.79
-------------------------------------------------------------------------------------------------------------------------------
263210261 20001013 5 31,338.39 109.71 31,150.57
-------------------------------------------------------------------------------------------------------------------------------
264753536 20001014 5 50,712.77 176.90 50,412.03
-------------------------------------------------------------------------------------------------------------------------------
227949773 20001015 5 5,035.76 23.01 4,978.55
-------------------------------------------------------------------------------------------------------------------------------
249430873 20001221 3 36,040.00 119.09 35,931.99
-------------------------------------------------------------------------------------------------------------------------------
258835175 20001222 3 39,940.00 131.97 39,820.33
-------------------------------------------------------------------------------------------------------------------------------
255254513 20001226 5 31,938.14 105.64 31,777.72
-------------------------------------------------------------------------------------------------------------------------------
291768311 20001228 5 30,450.00 100.62 30,297.55
-------------------------------------------------------------------------------------------------------------------------------
267792486 20001229 5 37,060.00 122.46 36,874.46
-------------------------------------------------------------------------------------------------------------------------------
253272310 20001231 5 34,560.00 114.20 34,386.97
-------------------------------------------------------------------------------------------------------------------------------
592207621 20001232 5 20,629.42 68.23 20,525.83
-------------------------------------------------------------------------------------------------------------------------------
256357954 20001272 0 31,910.00 105.44 31,910.00
-------------------------------------------------------------------------------------------------------------------------------
418920450 20001020 5 32,787.80 140.64 32,461.40
-------------------------------------------------------------------------------------------------------------------------------
424316186 20001022 5 29,689.31 102.96 29,516.26
-------------------------------------------------------------------------------------------------------------------------------
267
Attachment to Annex C
Page 43
-------------------------------------------------------------------------------------------------------------------------------
424232314 20001024 5 36,357.13 129.64 36,127.38
-------------------------------------------------------------------------------------------------------------------------------
419275950 20001025 5 32,923.51 113.14 32,736.84
-------------------------------------------------------------------------------------------------------------------------------
423800832 20001026 5 40,093.02 191.18 39,597.45
-------------------------------------------------------------------------------------------------------------------------------
421179334 20001028 5 37,172.97 123.45 36,983.77
-------------------------------------------------------------------------------------------------------------------------------
417111705 20001030 5 47,476.49 168.02 47,182.85
-------------------------------------------------------------------------------------------------------------------------------
422021988 20001032 5 21,966.54 102.75 21,705.04
-------------------------------------------------------------------------------------------------------------------------------
424806807 20001033 5 25,032.57 144.72 24,595.80
-------------------------------------------------------------------------------------------------------------------------------
419709985 20001034 5 39,125.32 169.51 38,727.39
-------------------------------------------------------------------------------------------------------------------------------
422868048 20001035 5 10,734.68 128.41 10,214.08
-------------------------------------------------------------------------------------------------------------------------------
587088348 20001036 5 3,793.83 19.99 3,737.40
-------------------------------------------------------------------------------------------------------------------------------
421784669 20001037 5 20,393.39 99.73 20,128.83
-------------------------------------------------------------------------------------------------------------------------------
416138274 20001038 5 28,168.78 137.39 27,805.18
-------------------------------------------------------------------------------------------------------------------------------
421210260 20001039 5 36,796.03 154.81 36,444.93
-------------------------------------------------------------------------------------------------------------------------------
428117566 20001040 5 41,942.89 140.73 41,722.18
-------------------------------------------------------------------------------------------------------------------------------
421132706 20001041 5 23,933.06 143.94 23,487.46
-------------------------------------------------------------------------------------------------------------------------------
427350088 20001042 5 34,752.86 123.45 34,535.61
-------------------------------------------------------------------------------------------------------------------------------
587534029 20001044 5 15,248.15 62.74 15,109.75
-------------------------------------------------------------------------------------------------------------------------------
461797749 20001045 5 49,861.60 174.55 49,562.80
-------------------------------------------------------------------------------------------------------------------------------
587422097 20001047 5 9,703.32 99.97 9,313.62
-------------------------------------------------------------------------------------------------------------------------------
427619436 20001049 5 37,375.33 134.81 37,131.41
-------------------------------------------------------------------------------------------------------------------------------
428572774 20001050 5 32,766.33 126.51 32,510.67
-------------------------------------------------------------------------------------------------------------------------------
427239306 20001052 5 25,014.72 86.35 24,870.94
-------------------------------------------------------------------------------------------------------------------------------
425434750 20001053 5 53,235.17 178.99 52,953.17
-------------------------------------------------------------------------------------------------------------------------------
426492291 20001054 5 40,665.86 136.73 40,450.45
-------------------------------------------------------------------------------------------------------------------------------
425353120 20001055 5 8,410.37 33.94 8,337.38
-------------------------------------------------------------------------------------------------------------------------------
425112954 20001056 5 47,800.56 160.72 47,547.34
-------------------------------------------------------------------------------------------------------------------------------
428191845 20001059 5 40,100.58 136.73 39,878.61
-------------------------------------------------------------------------------------------------------------------------------
427179111 20001060 5 22,574.70 93.05 22,368.99
-------------------------------------------------------------------------------------------------------------------------------
428516381 20001062 5 33,459.03 120.84 33,239.88
-------------------------------------------------------------------------------------------------------------------------------
421726352 20001063 5 31,427.18 107.16 31,253.18
-------------------------------------------------------------------------------------------------------------------------------
424046930 20001064 5 25,923.96 95.92 25,742.64
-------------------------------------------------------------------------------------------------------------------------------
463137961 20001066 5 47,517.40 172.29 47,202.79
-------------------------------------------------------------------------------------------------------------------------------
553358576 20001067 5 29,942.98 113.20 29,721.46
-------------------------------------------------------------------------------------------------------------------------------
421728829 20001068 5 36,652.20 134.68 36,400.55
-------------------------------------------------------------------------------------------------------------------------------
423198320 20001069 5 28,210.44 100.09 28,034.69
-------------------------------------------------------------------------------------------------------------------------------
421159792 20001070 5 43,631.26 147.80 43,394.61
-------------------------------------------------------------------------------------------------------------------------------
416133186 20001071 5 48,492.10 165.71 48,221.84
-------------------------------------------------------------------------------------------------------------------------------
424628502 20001074 5 2,690.16 43.98 2,500.43
-------------------------------------------------------------------------------------------------------------------------------
424154709 20001075 5 43,988.99 194.16 43,523.62
-------------------------------------------------------------------------------------------------------------------------------
418212680 20001077 5 45,715.30 158.54 45,448.86
-------------------------------------------------------------------------------------------------------------------------------
419317933 20001079 5 32,434.91 110.60 32,255.33
-------------------------------------------------------------------------------------------------------------------------------
419046416 20001080 5 29,456.00 125.37 29,167.70
-------------------------------------------------------------------------------------------------------------------------------
230923942 20001081 2 32,818.69 113.04 32,744.00
-------------------------------------------------------------------------------------------------------------------------------
419908600 20001082 5 23,026.08 89.74 22,842.22
-------------------------------------------------------------------------------------------------------------------------------
421903548 20001083 5 23,226.72 85.12 23,068.39
-------------------------------------------------------------------------------------------------------------------------------
421277553 20001085 5 35,449.33 119.32 35,260.90
-------------------------------------------------------------------------------------------------------------------------------
423907638 20001086 5 36,740.76 140.77 36,459.56
-------------------------------------------------------------------------------------------------------------------------------
419968932 20001093 5 33,372.75 155.63 32,977.85
-------------------------------------------------------------------------------------------------------------------------------
418089183 20001094 5 18,327.76 138.83 17,842.85
-------------------------------------------------------------------------------------------------------------------------------
418607150 20001096 5 26,165.79 96.82 25,982.76
-------------------------------------------------------------------------------------------------------------------------------
268
Attachment to Annex C
Page 44
-------------------------------------------------------------------------------------------------------------------------------
424902645 20001097 5 49,299.97 228.44 48,723.96
-------------------------------------------------------------------------------------------------------------------------------
422134438 20001098 5 56,462.36 203.39 56,095.21
-------------------------------------------------------------------------------------------------------------------------------
184564360 20001100 5 52,548.80 203.22 52,137.15
-------------------------------------------------------------------------------------------------------------------------------
422886316 20001101 5 48,814.25 190.87 48,421.34
-------------------------------------------------------------------------------------------------------------------------------
416296658 20001103 5 28,469.92 116.99 28,212.27
-------------------------------------------------------------------------------------------------------------------------------
416928484 20001104 5 16,868.43 101.44 16,554.42
-------------------------------------------------------------------------------------------------------------------------------
419966105 20001107 5 44,750.36 174.70 44,391.56
-------------------------------------------------------------------------------------------------------------------------------
422904225 20001109 5 33,622.56 128.83 33,365.18
-------------------------------------------------------------------------------------------------------------------------------
422961949 20001110 5 45,967.92 176.67 45,613.34
-------------------------------------------------------------------------------------------------------------------------------
420902458 20001112 5 43,069.83 165.02 42,740.17
-------------------------------------------------------------------------------------------------------------------------------
405644277 20001113 5 32,311.69 124.95 32,058.61
-------------------------------------------------------------------------------------------------------------------------------
424089436 20001114 5 22,976.59 139.74 22,540.99
-------------------------------------------------------------------------------------------------------------------------------
421843175 20001115 5 35,384.17 118.72 35,197.99
-------------------------------------------------------------------------------------------------------------------------------
419587591 20001116 5 40,195.52 174.51 39,784.87
-------------------------------------------------------------------------------------------------------------------------------
424909704 20001118 5 37,362.04 128.54 37,149.46
-------------------------------------------------------------------------------------------------------------------------------
422905815 20001119 5 33,620.11 149.65 33,258.13
-------------------------------------------------------------------------------------------------------------------------------
426259934 20001122 5 45,246.69 152.30 45,006.16
-------------------------------------------------------------------------------------------------------------------------------
416661005 20001123 5 32,836.69 127.58 32,576.49
-------------------------------------------------------------------------------------------------------------------------------
416662199 20001124 5 11,476.22 90.60 11,154.16
-------------------------------------------------------------------------------------------------------------------------------
420215509 20001125 5 39,268.24 132.17 39,059.52
-------------------------------------------------------------------------------------------------------------------------------
424179298 20001126 5 40,732.24 170.72 40,346.86
-------------------------------------------------------------------------------------------------------------------------------
252477496 20001127 5 36,992.11 141.09 36,712.21
-------------------------------------------------------------------------------------------------------------------------------
418170159 20001128 5 40,119.82 166.90 39,746.52
-------------------------------------------------------------------------------------------------------------------------------
421063980 20001129 5 30,981.57 123.97 30,717.99
-------------------------------------------------------------------------------------------------------------------------------
283461052 20001130 5 37,610.07 139.94 37,343.10
-------------------------------------------------------------------------------------------------------------------------------
302785217 20001132 5 63,842.25 214.66 63,504.04
-------------------------------------------------------------------------------------------------------------------------------
56427652 20001133 5 56,379.82 189.57 56,081.14
-------------------------------------------------------------------------------------------------------------------------------
421987368 20001134 5 47,861.86 216.80 47,327.66
-------------------------------------------------------------------------------------------------------------------------------
420046330 20001135 5 53,881.31 180.98 53,596.81
-------------------------------------------------------------------------------------------------------------------------------
424904090 20001137 5 39,684.62 155.92 39,361.42
-------------------------------------------------------------------------------------------------------------------------------
416215701 20001138 5 28,878.05 102.20 28,699.44
-------------------------------------------------------------------------------------------------------------------------------
419904794 20001139 5 24,014.73 100.28 23,789.39
-------------------------------------------------------------------------------------------------------------------------------
420701727 20001140 5 18,800.25 64.10 18,696.20
-------------------------------------------------------------------------------------------------------------------------------
412413528 20001141 5 27,903.96 108.42 27,682.81
-------------------------------------------------------------------------------------------------------------------------------
424861021 20001142 5 40,875.63 139.38 40,649.33
-------------------------------------------------------------------------------------------------------------------------------
418505477 20001143 5 41,806.02 142.55 41,574.59
-------------------------------------------------------------------------------------------------------------------------------
423922901 20001144 5 20,937.17 130.32 20,525.27
-------------------------------------------------------------------------------------------------------------------------------
424848369 20001145 5 24,931.32 91.36 24,761.41
-------------------------------------------------------------------------------------------------------------------------------
408720180 20001148 5 30,662.95 138.29 30,323.75
-------------------------------------------------------------------------------------------------------------------------------
417118472 20001149 5 58,367.59 199.02 58,044.48
-------------------------------------------------------------------------------------------------------------------------------
417546746 20001150 5 16,281.17 67.60 16,130.32
-------------------------------------------------------------------------------------------------------------------------------
342561951 20001151 5 52,897.63 177.67 52,618.35
-------------------------------------------------------------------------------------------------------------------------------
425195877 20001153 5 58,599.32 200.47 58,271.62
-------------------------------------------------------------------------------------------------------------------------------
575291860 20001154 5 37,163.52 144.17 36,870.13
-------------------------------------------------------------------------------------------------------------------------------
420130313 20001155 5 38,772.72 132.21 38,558.07
-------------------------------------------------------------------------------------------------------------------------------
550119960 20001156 5 28,734.94 119.98 28,465.35
-------------------------------------------------------------------------------------------------------------------------------
422085070 20001157 5 39,203.54 135.18 38,978.96
-------------------------------------------------------------------------------------------------------------------------------
421270971 20001158 5 28,370.23 98.96 28,202.01
-------------------------------------------------------------------------------------------------------------------------------
423885654 20001159 5 1,706.27 60.35 1,422.92
-------------------------------------------------------------------------------------------------------------------------------
423338083 20001160 5 28,726.64 97.31 28,570.84
-------------------------------------------------------------------------------------------------------------------------------
269
Attachment to Annex C
Page 45
------------------------------------------------------------------------------------------------------------------
418923861 20001161 5 33,961.14 122.02 33,741.89
------------------------------------------------------------------------------------------------------------------
424947094 20001162 5 35,166.61 136.63 34,887.95
------------------------------------------------------------------------------------------------------------------
265191983 20001163 5 28,422.67 98.01 28,259.83
------------------------------------------------------------------------------------------------------------------
416927756 20001164 5 37,915.55 140.49 37,649.37
------------------------------------------------------------------------------------------------------------------
127609396 20001165 5 40,531.96 156.21 40,217.15
------------------------------------------------------------------------------------------------------------------
416841534 20001167 5 39,365.93 152.00 39,058.73
------------------------------------------------------------------------------------------------------------------
419258145 20001168 5 37,303.23 150.87 36,977.81
------------------------------------------------------------------------------------------------------------------
417195675 20001169 5 28,498.46 125.78 28,197.01
------------------------------------------------------------------------------------------------------------------
422900655 20001170 5 42,046.59 173.95 41,660.22
------------------------------------------------------------------------------------------------------------------
423580003 20001171 5 38,812.27 141.09 38,553.47
------------------------------------------------------------------------------------------------------------------
263516518 20001172 5 32,539.92 124.87 32,289.88
------------------------------------------------------------------------------------------------------------------
417085864 20001173 5 41,149.50 175.13 40,746.80
------------------------------------------------------------------------------------------------------------------
421133339 20001175 5 22,167.80 172.13 21,560.15
------------------------------------------------------------------------------------------------------------------
417235596 20001176 5 25,130.46 91.00 25,031.21
------------------------------------------------------------------------------------------------------------------
417235596 20001176 5 30,031.21 2.54 29,951.38
------------------------------------------------------------------------------------------------------------------
418966729 20001177 5 38,958.99 131.97 38,747.70
------------------------------------------------------------------------------------------------------------------
423826374 20001179 5 43,402.20 155.34 43,125.02
------------------------------------------------------------------------------------------------------------------
418905900 20001180 5 39,756.73 133.39 39,547.55
------------------------------------------------------------------------------------------------------------------
256135210 20001181 5 53,438.50 180.25 53,152.53
------------------------------------------------------------------------------------------------------------------
418115846 20001184 5 34,030.73 155.53 33,643.97
------------------------------------------------------------------------------------------------------------------
420901287 20001186 5 38,890.42 141.75 38,629.22
------------------------------------------------------------------------------------------------------------------
419929188 20001187 5 42,729.62 143.67 42,503.26
------------------------------------------------------------------------------------------------------------------
422351772 20001188 5 37,928.32 138.43 37,775.26
------------------------------------------------------------------------------------------------------------------
422351772 20001188 5 44,571.88 147.28 44,482.94
------------------------------------------------------------------------------------------------------------------
416170794 20001190 5 55,950.66 216.71 55,510.68
------------------------------------------------------------------------------------------------------------------
419968773 20001191 5 28,704.12 105.77 28,505.56
------------------------------------------------------------------------------------------------------------------
417087046 20001192 5 33,361.56 113.63 33,177.50
------------------------------------------------------------------------------------------------------------------
418271092 20001193 5 28,346.93 99.71 28,174.68
------------------------------------------------------------------------------------------------------------------
416274983 20001195 5 25,846.80 164.75 25,318.85
------------------------------------------------------------------------------------------------------------------
420566624 20000000 42 23,804.20 140.86 20,019.17
------------------------------------------------------------------------------------------------------------------
423820769 20000001 41 8,563.78 50.93 8,312.42
------------------------------------------------------------------------------------------------------------------
423820769 20000001 41 41,837.42 107.88 36,410.75
------------------------------------------------------------------------------------------------------------------
223214607 20000002 42 22,737.04 135.20 19,092.85
------------------------------------------------------------------------------------------------------------------
417500379 20000003 42 27,723.15 164.40 23,299.54
------------------------------------------------------------------------------------------------------------------
418843059 20000004 42 19,775.74 117.63 16,604.50
------------------------------------------------------------------------------------------------------------------
420046341 20000005 42 25,249.96 86.67 23,998.93
------------------------------------------------------------------------------------------------------------------
419963317 20000007 42 19,746.56 117.45 16,580.24
------------------------------------------------------------------------------------------------------------------
424923292 20000008 42 37,789.36 206.87 32,518.25
------------------------------------------------------------------------------------------------------------------
340588376 20000009 42 15,790.56 93.92 13,258.57
------------------------------------------------------------------------------------------------------------------
420191502 20000010 42 21,673.90 129.01 18,194.31
------------------------------------------------------------------------------------------------------------------
422765386 20000011 41 35,420.91 111.91 30,857.06
------------------------------------------------------------------------------------------------------------------
422765386 20000011 41 24,754.87 146.15 24,036.91
------------------------------------------------------------------------------------------------------------------
212600053 20000012 42 25,359.62 150.85 21,292.61
------------------------------------------------------------------------------------------------------------------
419809701 20000013 42 22,862.35 135.98 19,196.51
------------------------------------------------------------------------------------------------------------------
417279251 20000014 42 29,839.35 178.44 25,012.41
------------------------------------------------------------------------------------------------------------------
416029228 20000016 42 39,092.00 136.80 37,039.87
------------------------------------------------------------------------------------------------------------------
420765334 20000017 42 18,938.51 112.66 15,901.07
------------------------------------------------------------------------------------------------------------------
420587775 20000018 42 16,387.28 97.46 13,760.06
------------------------------------------------------------------------------------------------------------------
420944388 20000019 42 26,694.64 112.09 24,470.74
------------------------------------------------------------------------------------------------------------------
423114364 20000022 50 69,131.00 228.43 66,993.42
------------------------------------------------------------------------------------------------------------------
270
Attachment to Annex C
Page 46
------------------------------------------------------------------------------------------------------------------
423114364 20000022 50 53,895.55 181.41 52,729.48
------------------------------------------------------------------------------------------------------------------
421061075 20000023 42 42,253.23 164.95 39,282.45
------------------------------------------------------------------------------------------------------------------
416785055 20000024 42 33,012.20 196.37 27,717.98
------------------------------------------------------------------------------------------------------------------
417089007 20000025 42 34,718.75 152.29 31,539.76
------------------------------------------------------------------------------------------------------------------
423886435 20000026 42 24,361.37 144.90 20,455.00
------------------------------------------------------------------------------------------------------------------
421290883 20000027 42 37,563.96 127.25 35,777.16
------------------------------------------------------------------------------------------------------------------
417989652 20000028 42 28,876.28 130.51 26,062.75
------------------------------------------------------------------------------------------------------------------
423961079 20000029 20 22,409.53 84.31 21,743.12
------------------------------------------------------------------------------------------------------------------
258961829 20000030 42 24,691.13 146.88 20,731.11
------------------------------------------------------------------------------------------------------------------
421740136 20000031 42 20,423.28 121.47 17,148.66
------------------------------------------------------------------------------------------------------------------
416589728 20000032 42 28,100.20 167.15 23,593.81
------------------------------------------------------------------------------------------------------------------
421881699 20000033 22 24,041.83 142.99 0.00
------------------------------------------------------------------------------------------------------------------
420547978 20000034 42 17,305.58 102.94 14,530.31
------------------------------------------------------------------------------------------------------------------
20000035 42 27,423.71 176.00 24,882.98
------------------------------------------------------------------------------------------------------------------
423808669 20000035 42 15,306.34 91.03 14,167.44
------------------------------------------------------------------------------------------------------------------
420867259 20000036 42 13,786.77 82.01 12,760.58
------------------------------------------------------------------------------------------------------------------
420867259 20000036 42 22,080.00 141.50 20,038.97
------------------------------------------------------------------------------------------------------------------
255334836 20000037 42 25,249.75 85.35 24,056.84
------------------------------------------------------------------------------------------------------------------
424689981 20000038 42 39,222.16 132.87 37,356.35
------------------------------------------------------------------------------------------------------------------
252393788 20000039 42 43,564.07 146.02 41,560.38
------------------------------------------------------------------------------------------------------------------
417883921 20000040 42 43,344.43 243.29 37,033.76
------------------------------------------------------------------------------------------------------------------
420158427 20000041 42 47,744.76 196.10 572.54-
------------------------------------------------------------------------------------------------------------------
423482102 20000043 42 27,460.17 163.33 23,056.98
------------------------------------------------------------------------------------------------------------------
257664755 20000044 42 16,938.78 100.76 14,222.23
------------------------------------------------------------------------------------------------------------------
419665496 20000045 42 19,428.56 115.57 16,312.75
------------------------------------------------------------------------------------------------------------------
253046628 20000048 42 19,532.10 116.17 16,400.36
------------------------------------------------------------------------------------------------------------------
417588101 20000049 42 36,103.48 126.39 34,206.12
------------------------------------------------------------------------------------------------------------------
253278946 20000050 42 32,415.65 115.58 30,619.58
------------------------------------------------------------------------------------------------------------------
424945201 20000051 42 20,422.22 83.88 83.88-
------------------------------------------------------------------------------------------------------------------
258650338 20000053 42 18,004.59 76.93 460.79-
------------------------------------------------------------------------------------------------------------------
260211462 20000054 42 20,518.38 69.36 19,548.88
------------------------------------------------------------------------------------------------------------------
416849375 20000055 42 48,837.69 168.02 46,400.99
------------------------------------------------------------------------------------------------------------------
258686829 20000056 42 37,376.14 219.15 31,522.08
------------------------------------------------------------------------------------------------------------------
254026799 20000057 42 16,309.56 97.02 13,693.78
------------------------------------------------------------------------------------------------------------------
254966008 20000058 42 21,923.58 130.40 18,408.11
------------------------------------------------------------------------------------------------------------------
257351222 20000060 42 36,418.50 188.02 31,838.37
------------------------------------------------------------------------------------------------------------------
541904561 20000062 42 28,031.69 102.59 26,362.15
------------------------------------------------------------------------------------------------------------------
416946145 20000063 42 12,761.87 75.91 10,715.36
------------------------------------------------------------------------------------------------------------------
254697889 20000066 41 26,965.58 55.14 26,186.50
------------------------------------------------------------------------------------------------------------------
254697889 20000066 41 19,546.11 67.47 19,135.58
------------------------------------------------------------------------------------------------------------------
260596374 20000068 20 28,412.57 103.42 27,638.72
------------------------------------------------------------------------------------------------------------------
254020818 20000069 42 20,976.61 124.77 17,612.88
------------------------------------------------------------------------------------------------------------------
254845589 20000070 42 28,426.61 169.08 23,868.40
------------------------------------------------------------------------------------------------------------------
419213994 20000079 20 24,795.47 82.18 24,285.17
------------------------------------------------------------------------------------------------------------------
590051939 20000080 42 45,573.01 151.04 43,552.40
------------------------------------------------------------------------------------------------------------------
424218244 20000085 42 21,473.74 71.24 20,518.50
------------------------------------------------------------------------------------------------------------------
417138403 20000090 42 26,694.64 149.09 22,840.88
------------------------------------------------------------------------------------------------------------------
416949039 20000092 40 36,340.00 120.08 34,824.15
------------------------------------------------------------------------------------------------------------------
254512657 20000100 14 58,620.00 193.70 57,789.71
------------------------------------------------------------------------------------------------------------------
416024649 20000299 32 33,310.00 110.07 32,208.67
------------------------------------------------------------------------------------------------------------------
271
Attachment to Annex C
Page 47
------------------------------------------------------------------------------------------------------------------
423114308 20000315 30 54,900.00 181.41 53,202.36
------------------------------------------------------------------------------------------------------------------
20000320 29 24,870.00 82.18 24,127.43
------------------------------------------------------------------------------------------------------------------
426339416 20000324 28 38,340.00 126.69 37,236.04
------------------------------------------------------------------------------------------------------------------
420842719 20000365 24 42,620.00 140.83 41,573.03
------------------------------------------------------------------------------------------------------------------
418155766 20000400 19 32,350.00 106.89 31,728.28
------------------------------------------------------------------------------------------------------------------
234178650 20000811 2 25,790.00 85.22 25,738.54
------------------------------------------------------------------------------------------------------------------
259597535 20001224 1 44,040.00 145.52 43,996.11
------------------------------------------------------------------------------------------------------------------
266675027 20000405 17 41,008.31 142.22 40,184.24
------------------------------------------------------------------------------------------------------------------
262908342 20000406 17 23,986.39 136.34 22,583.90
------------------------------------------------------------------------------------------------------------------
590528555 20000407 17 43,512.33 148.86 43,121.61
------------------------------------------------------------------------------------------------------------------
590528555 20000407 17 26,050.00 86.08 25,814.16
------------------------------------------------------------------------------------------------------------------
428119813 20000408 1 48,565.40 162.27 48,515.20
------------------------------------------------------------------------------------------------------------------
315429194 20000410 34 52,556.15 182.27 51,500.01
------------------------------------------------------------------------------------------------------------------
592096008 20000410 34 42,103.06 142.78 41,313.06
------------------------------------------------------------------------------------------------------------------
266645896 20000411 17 22,546.02 116.73 21,425.57
------------------------------------------------------------------------------------------------------------------
262257292 20000414 17 19,541.55 135.25 17,980.31
------------------------------------------------------------------------------------------------------------------
265040700 20000415 17 47,052.83 165.51 46,067.01
------------------------------------------------------------------------------------------------------------------
592507028 20000417 17 23,596.39 81.09 23,135.11
------------------------------------------------------------------------------------------------------------------
595380821 20000420 17 43,056.43 158.87 42,025.87
------------------------------------------------------------------------------------------------------------------
263887668 20000422 17 18,035.67 123.11 16,624.49
------------------------------------------------------------------------------------------------------------------
593099614 20000423 17 42,000.73 141.82 41,223.26
------------------------------------------------------------------------------------------------------------------
589182219 20000424 17 36,927.35 132.34 36,111.31
------------------------------------------------------------------------------------------------------------------
266814361 20000426 17 19,103.02 129.83 17,618.12
------------------------------------------------------------------------------------------------------------------
266043464 20000427 17 22,653.53 153.95 20,892.83
------------------------------------------------------------------------------------------------------------------
227589919 20000428 17 13,259.18 83.83 12,337.36
------------------------------------------------------------------------------------------------------------------
262972605 20000429 17 20,142.19 171.66 17,974.41
------------------------------------------------------------------------------------------------------------------
592426613 20000430 17 9,361.37 64.76 8,613.97
------------------------------------------------------------------------------------------------------------------
589224896 20000431 17 49,834.77 166.17 48,948.70
------------------------------------------------------------------------------------------------------------------
263674751 20000432 15 52,262.97 184.29 51,292.14
------------------------------------------------------------------------------------------------------------------
267084184 20000433 17 28,842.49 199.59 26,538.75
------------------------------------------------------------------------------------------------------------------
551702125 20000435 17 28,495.95 106.94 27,782.82
------------------------------------------------------------------------------------------------------------------
261847309 20000436 17 13,966.37 96.65 12,850.76
------------------------------------------------------------------------------------------------------------------
38281016 20000437 17 19,637.58 135.91 18,068.76
------------------------------------------------------------------------------------------------------------------
166484262 20000439 17 32,362.26 112.10 31,714.29
------------------------------------------------------------------------------------------------------------------
590146718 20000442 17 32,717.36 108.22 32,150.76
------------------------------------------------------------------------------------------------------------------
595264869 20000443 17 17,185.22 81.75 16,456.31
------------------------------------------------------------------------------------------------------------------
257825034 20000444 17 26,390.15 99.33 25,724.65
------------------------------------------------------------------------------------------------------------------
403522236 20000445 17 12,313.63 85.22 11,329.94
------------------------------------------------------------------------------------------------------------------
266608587 20000446 17 27,033.03 187.07 24,873.79
------------------------------------------------------------------------------------------------------------------
261638284 20000447 17 14,498.79 62.95 13,988.07
------------------------------------------------------------------------------------------------------------------
233982842 20000448 17 30,219.38 121.53 29,322.47
------------------------------------------------------------------------------------------------------------------
267858624 20000449 17 33,626.46 111.22 33,044.26
------------------------------------------------------------------------------------------------------------------
593287217 20000450 17 60,239.54 199.45 59,192.96
------------------------------------------------------------------------------------------------------------------
592644193 20000451 17 30,870.00 102.00 30,337.30
------------------------------------------------------------------------------------------------------------------
263499162 20000453 17 33,347.86 119.05 32,618.93
------------------------------------------------------------------------------------------------------------------
389482118 20000454 17 17,913.50 123.94 16,483.07
------------------------------------------------------------------------------------------------------------------
425252070 20000455 17 38,923.69 137.93 38,090.61
------------------------------------------------------------------------------------------------------------------
150485675 20000456 17 53,559.23 181.04 52,564.48
------------------------------------------------------------------------------------------------------------------
262794202 20000457 17 16,391.76 113.43 15,082.52
------------------------------------------------------------------------------------------------------------------
590037879 20000458 17 25,039.82 86.74 24,538.38
------------------------------------------------------------------------------------------------------------------
272
Attachment to Annex C
Page 48
------------------------------------------------------------------------------------------------------------------
263980045 20000460 17 21,868.13 151.34 20,121.26
------------------------------------------------------------------------------------------------------------------
591525469 20000461 1 32,375.30 111.26 32,338.75
------------------------------------------------------------------------------------------------------------------
592260884 20000462 17 26,363.96 91.43 25,834.22
------------------------------------------------------------------------------------------------------------------
267838009 20000464 17 39,773.95 132.90 39,061.97
------------------------------------------------------------------------------------------------------------------
436986465 20000465 17 28,055.81 103.09 27,391.77
------------------------------------------------------------------------------------------------------------------
266549108 20000466 17 25,389.51 89.74 24,850.10
------------------------------------------------------------------------------------------------------------------
258552635 20000467 17 13,702.04 57.43 13,255.08
------------------------------------------------------------------------------------------------------------------
252330297 20000468 17 23,266.02 78.48 22,836.74
------------------------------------------------------------------------------------------------------------------
252330046 20000469 17 15,728.54 52.08 15,455.21
------------------------------------------------------------------------------------------------------------------
262962438 20000470 17 26,970.99 91.46 26,464.98
------------------------------------------------------------------------------------------------------------------
304644569 20000471 17 15,894.98 66.61 15,376.65
------------------------------------------------------------------------------------------------------------------
259251749 20000472 17 29,337.13 100.81 28,763.77
------------------------------------------------------------------------------------------------------------------
118446055 20000473 16 24,004.60 80.97 23,588.28
------------------------------------------------------------------------------------------------------------------
408820100 20000475 17 10,744.43 39.32 10,627.28
------------------------------------------------------------------------------------------------------------------
408820100 20000475 17 2,617.00 9.68 2,583.93
------------------------------------------------------------------------------------------------------------------
20000477 17 20,147.86 68.40 19,768.51
------------------------------------------------------------------------------------------------------------------
256455580 20000478 17 21,080.89 88.36 20,393.19
------------------------------------------------------------------------------------------------------------------
260905120 20000480 17 25,664.39 84.89 25,219.98
------------------------------------------------------------------------------------------------------------------
257315283 20000481 17 44,497.22 157.48 43,548.34
------------------------------------------------------------------------------------------------------------------
252413555 20000483 7 24,869.59 83.80 24,683.45
------------------------------------------------------------------------------------------------------------------
258533234 20000484 12 62,717.05 209.13 61,934.39
------------------------------------------------------------------------------------------------------------------
251230458 20000486 11 25,153.69 89.92 24,799.01
------------------------------------------------------------------------------------------------------------------
258021739 20000488 17 31,596.58 108.58 30,978.98
------------------------------------------------------------------------------------------------------------------
258332091 20000489 17 22,096.57 75.93 21,664.69
------------------------------------------------------------------------------------------------------------------
263699932 20000491 17 37,430.37 137.54 36,544.38
------------------------------------------------------------------------------------------------------------------
595180019 20000492 17 51,561.80 181.37 50,481.52
------------------------------------------------------------------------------------------------------------------
261293803 20000493 17 15,726.26 108.33 14,478.74
------------------------------------------------------------------------------------------------------------------
590204985 20000495 17 40,925.08 143.44 40,076.57
------------------------------------------------------------------------------------------------------------------
520115175 20000496 17 25,161.67 103.16 24,380.75
------------------------------------------------------------------------------------------------------------------
595242987 20000497 17 23,953.15 99.28 23,191.12
------------------------------------------------------------------------------------------------------------------
591663340 20000498 2 46,628.32 157.62 46,528.17
------------------------------------------------------------------------------------------------------------------
266355899 20000501 7 47,150.00 241.36 46,215.69
------------------------------------------------------------------------------------------------------------------
266351539 20000502 17 44,854.25 168.09 43,735.88
------------------------------------------------------------------------------------------------------------------
267254905 20000505 6 42,668.98 145.01 42,388.11
------------------------------------------------------------------------------------------------------------------
266688454 20000506 17 19,856.21 137.39 18,270.48
------------------------------------------------------------------------------------------------------------------
225906153 20000507 17 39,472.94 169.31 38,118.40
------------------------------------------------------------------------------------------------------------------
318401074 20000508 17 20,787.08 98.63 19,909.79
------------------------------------------------------------------------------------------------------------------
589160896 20000509 17 14,350.67 86.31 13,429.51
------------------------------------------------------------------------------------------------------------------
342463710 20000510 1 32,301.62 147.64 32,228.52
------------------------------------------------------------------------------------------------------------------
133484262 20000514 17 39,896.76 135.44 39,145.70
------------------------------------------------------------------------------------------------------------------
592942707 20000517 17 35,206.31 119.78 34,539.01
------------------------------------------------------------------------------------------------------------------
80624665 20000518 17 41,534.36 142.25 40,730.83
------------------------------------------------------------------------------------------------------------------
489401056 20000519 17 34,730.48 116.05 34,108.73
------------------------------------------------------------------------------------------------------------------
591208419 20000520 17 37,988.60 128.27 37,285.45
------------------------------------------------------------------------------------------------------------------
589222409 20000521 17 45,481.03 166.45 44,416.12
------------------------------------------------------------------------------------------------------------------
94383735 20000522 17 20,937.63 85.85 20,287.68
------------------------------------------------------------------------------------------------------------------
261657937 20000524 17 17,656.13 114.41 16,380.43
------------------------------------------------------------------------------------------------------------------
590685093 20000525 17 34,208.30 128.57 33,348.88
------------------------------------------------------------------------------------------------------------------
590567020 20000526 6 32,750.88 117.07 32,500.49
------------------------------------------------------------------------------------------------------------------
589097362 20000527 17 30,442.90 104.61 29,847.88
------------------------------------------------------------------------------------------------------------------
273
Attachment to Annex C
Page 49
------------------------------------------------------------------------------------------------------------------
316383816 20000528 17 14,833.36 55.83 14,459.32
------------------------------------------------------------------------------------------------------------------
369901381 20000529 17 34,014.41 128.97 33,140.32
------------------------------------------------------------------------------------------------------------------
591034728 20000530 17 32,202.56 121.20 31,390.61
------------------------------------------------------------------------------------------------------------------
125527275 20000531 17 38,951.87 162.95 37,686.63
------------------------------------------------------------------------------------------------------------------
266882601 20000532 17 17,390.99 118.20 16,039.06
------------------------------------------------------------------------------------------------------------------
400968988 20000533 17 17,010.94 115.59 15,689.04
------------------------------------------------------------------------------------------------------------------
594337990 20000534 17 18,057.28 119.52 16,709.13
------------------------------------------------------------------------------------------------------------------
408045384 20000535 17 39,724.56 132.73 39,013.54
------------------------------------------------------------------------------------------------------------------
236299900 20000536 17 27,772.98 98.17 27,182.85
------------------------------------------------------------------------------------------------------------------
41703194 20000538 17 34,435.94 120.41 33,726.93
------------------------------------------------------------------------------------------------------------------
282582396 20000539 17 33,095.05 116.84 32,394.27
------------------------------------------------------------------------------------------------------------------
263907193 20000540 17 20,864.46 141.78 19,243.00
------------------------------------------------------------------------------------------------------------------
46326386 20000541 17 21,516.98 116.15 20,365.44
------------------------------------------------------------------------------------------------------------------
592128918 20000542 17 35,293.97 133.03 34,400.71
------------------------------------------------------------------------------------------------------------------
57467673 20000543 17 15,795.43 107.34 14,567.81
------------------------------------------------------------------------------------------------------------------
267699662 20000544 17 19,222.19 130.64 17,728.02
------------------------------------------------------------------------------------------------------------------
565352140 20000546 17 36,553.84 121.76 35,906.09
------------------------------------------------------------------------------------------------------------------
589077460 20000547 1 34,782.26 115.98 34,746.55
------------------------------------------------------------------------------------------------------------------
338562497 20000549 17 49,904.65 171.49 48,929.22
------------------------------------------------------------------------------------------------------------------
262894123 20000550 17 33,533.62 151.89 32,243.39
------------------------------------------------------------------------------------------------------------------
425334524 20000551 16 36,191.02 120.31 35,592.05
------------------------------------------------------------------------------------------------------------------
591055357 20000751 16 42,390.00 140.07 41,702.25
------------------------------------------------------------------------------------------------------------------
383862438 20000767 15 23,950.00 77.22 23,586.10
------------------------------------------------------------------------------------------------------------------
265838313 20000816 9 40,390.00 133.46 40,024.38
------------------------------------------------------------------------------------------------------------------
196563486 20000817 9 27,420.00 90.60 27,171.81
------------------------------------------------------------------------------------------------------------------
590647110 20000818 9 31,350.00 103.59 31,066.19
------------------------------------------------------------------------------------------------------------------
259042254 20000819 9 27,340.00 90.34 27,092.50
------------------------------------------------------------------------------------------------------------------
259254741 20000820 9 18,010.00 59.51 17,846.97
------------------------------------------------------------------------------------------------------------------
257479088 20000821 9 34,110.00 112.71 33,801.21
------------------------------------------------------------------------------------------------------------------
464727142 20000822 9 27,450.00 90.70 27,201.54
------------------------------------------------------------------------------------------------------------------
239577957 20000823 9 52,910.00 174.83 52,431.03
------------------------------------------------------------------------------------------------------------------
257353006 20000824 9 27,470.00 90.77 27,221.32
------------------------------------------------------------------------------------------------------------------
145706478 20000825 9 33,590.00 110.99 33,285.94
------------------------------------------------------------------------------------------------------------------
254372458 20000839 6 30,750.00 101.61 30,565.05
------------------------------------------------------------------------------------------------------------------
592050512 20000840 5 33,410.00 110.40 33,242.73
------------------------------------------------------------------------------------------------------------------
590225065 20000841 6 48,750.00 161.08 48,456.84
------------------------------------------------------------------------------------------------------------------
261958015 20001240 3 38,440.00 127.02 38,324.80
------------------------------------------------------------------------------------------------------------------
256319221 20001241 3 40,100.00 132.50 39,979.84
------------------------------------------------------------------------------------------------------------------
250558031 20001242 3 63,150.00 208.67 62,960.75
------------------------------------------------------------------------------------------------------------------
79486593 20001243 3 25,960.00 85.78 25,882.21
------------------------------------------------------------------------------------------------------------------
591346770 20001244 3 33,320.00 110.10 33,220.15
------------------------------------------------------------------------------------------------------------------
589096857 20000565 16 27,886.58 182.23 25,967.58
------------------------------------------------------------------------------------------------------------------
219502310 20000566 16 27,407.98 179.11 25,521.78
------------------------------------------------------------------------------------------------------------------
262517951 20000567 16 40,656.16 246.34 38,173.18
------------------------------------------------------------------------------------------------------------------
251410018 20000568 16 47,781.96 160.49 46,964.33
------------------------------------------------------------------------------------------------------------------
594128644 20000569 16 31,112.64 108.15 30,520.85
------------------------------------------------------------------------------------------------------------------
262916179 20000570 16 40,049.64 132.73 39,393.44
------------------------------------------------------------------------------------------------------------------
593144453 20000571 8 38,220.33 128.24 37,897.42
------------------------------------------------------------------------------------------------------------------
592900750 20000572 16 45,772.42 151.70 45,022.39
------------------------------------------------------------------------------------------------------------------
265716490 20000573 16 24,503.06 160.12 22,816.90
------------------------------------------------------------------------------------------------------------------
274
Attachment to Annex C
Page 50
------------------------------------------------------------------------------------------------------------------
590206099 20000574 16 46,695.07 155.07 45,924.85
------------------------------------------------------------------------------------------------------------------
552707831 20000575 16 19,909.00 130.09 18,539.09
------------------------------------------------------------------------------------------------------------------
264494567 20000576 16 32,103.56 159.90 30,706.52
------------------------------------------------------------------------------------------------------------------
589874984 20000577 16 46,509.94 157.05 45,700.52
------------------------------------------------------------------------------------------------------------------
311701586 20000578 16 35,316.33 166.77 33,928.13
------------------------------------------------------------------------------------------------------------------
312707335 20000579 16 27,636.82 180.59 25,735.13
------------------------------------------------------------------------------------------------------------------
262112005 20000580 16 29,829.35 194.91 27,776.89
------------------------------------------------------------------------------------------------------------------
592230173 20000581 16 40,333.41 140.20 39,566.26
------------------------------------------------------------------------------------------------------------------
144501526 20000582 4 33,208.53 186.86 32,766.11
------------------------------------------------------------------------------------------------------------------
118508527 20000583 16 32,175.04 115.45 31,504.31
------------------------------------------------------------------------------------------------------------------
132668720 20000584 16 37,920.00 129.30 37,239.63
------------------------------------------------------------------------------------------------------------------
295688171 20000585 16 28,346.28 151.15 26,950.52
------------------------------------------------------------------------------------------------------------------
91603657 20000586 16 45,558.75 171.97 44,470.69
------------------------------------------------------------------------------------------------------------------
265653537 20000587 16 22,691.75 148.28 21,130.28
------------------------------------------------------------------------------------------------------------------
138527688 20000588 2 162.40 162.49 0.00
------------------------------------------------------------------------------------------------------------------
264291831 20000589 16 22,745.85 148.64 21,180.56
------------------------------------------------------------------------------------------------------------------
637726682 20000590 16 20,815.72 102.47 20,647.57
------------------------------------------------------------------------------------------------------------------
637726682 20000590 16 20,815.72 102.47 20,815.72
------------------------------------------------------------------------------------------------------------------
637726682 20000590 16 29,052.21 105.47 28,545.72
------------------------------------------------------------------------------------------------------------------
135348972 20000592 16 23,627.83 100.56 22,878.40
------------------------------------------------------------------------------------------------------------------
264199399 20000593 16 26,979.06 176.29 25,122.65
------------------------------------------------------------------------------------------------------------------
28561520 20000595 16 45,283.24 154.92 44,462.42
------------------------------------------------------------------------------------------------------------------
589168480 20000596 16 39,860.85 219.24 37,789.18
------------------------------------------------------------------------------------------------------------------
40660284 20000597 16 47,950.44 166.00 47,049.42
------------------------------------------------------------------------------------------------------------------
306763489 20000599 16 44,517.74 184.51 43,186.43
------------------------------------------------------------------------------------------------------------------
315808735 20000600 16 43,869.98 149.42 43,085.60
------------------------------------------------------------------------------------------------------------------
264377865 20000601 16 24,487.21 157.36 22,845.36
------------------------------------------------------------------------------------------------------------------
593789944 20000602 16 33,984.95 151.60 32,793.71
------------------------------------------------------------------------------------------------------------------
593010295 20000603 16 47,413.94 162.94 46,542.60
------------------------------------------------------------------------------------------------------------------
593010295 20000603 16 50,512.60 0.00 50,512.60
------------------------------------------------------------------------------------------------------------------
442825731 20000604 16 37,629.25 128.31 36,954.09
------------------------------------------------------------------------------------------------------------------
261957056 20000605 16 48,628.96 252.49 46,345.40
------------------------------------------------------------------------------------------------------------------
129389734 20000606 16 48,552.38 162.74 47,727.04
------------------------------------------------------------------------------------------------------------------
155748862 20000607 16 64,472.70 219.84 63,315.90
------------------------------------------------------------------------------------------------------------------
266773236 20000608 16 26,456.49 329.16 22,091.71
------------------------------------------------------------------------------------------------------------------
555853561 20000610 1 52,742.24 176.78 52,687.17
------------------------------------------------------------------------------------------------------------------
267550511 20000611 16 35,326.36 138.35 34,401.20
------------------------------------------------------------------------------------------------------------------
109609629 20000612 16 45,776.37 155.24 44,968.84
------------------------------------------------------------------------------------------------------------------
583399555 20000614 16 45,252.98 158.05 44,380.05
------------------------------------------------------------------------------------------------------------------
589768755 20000615 16 28,111.16 133.72 26,990.29
------------------------------------------------------------------------------------------------------------------
154621789 20000617 16 47,884.45 168.85 46,934.56
------------------------------------------------------------------------------------------------------------------
53561522 20000619 16 41,251.00 144.07 40,455.32
------------------------------------------------------------------------------------------------------------------
53588669 20000620 16 17,075.90 124.55 15,689.77
------------------------------------------------------------------------------------------------------------------
590329665 20000621 16 64,009.27 244.89 62,427.27
------------------------------------------------------------------------------------------------------------------
264774970 20000622 16 21,522.27 138.30 20,079.34
------------------------------------------------------------------------------------------------------------------
117341572 20000623 16 34,596.75 223.25 32,262.04
------------------------------------------------------------------------------------------------------------------
478726133 20000624 16 31,412.29 201.86 29,306.15
------------------------------------------------------------------------------------------------------------------
261270948 20000625 16 52,060.42 210.09 50,596.05
------------------------------------------------------------------------------------------------------------------
48507864 20000627 16 52,064.11 210.47 50,593.69
------------------------------------------------------------------------------------------------------------------
262686277 20000628 16 40,468.60 161.11 39,366.12
------------------------------------------------------------------------------------------------------------------
275
Attachment to Annex C
Page 51
------------------------------------------------------------------------------------------------------------------
282829760 20000629 16 32,976.18 116.00 32,326.60
------------------------------------------------------------------------------------------------------------------
354344159 20000630 16 37,580.82 143.77 36,652.14
------------------------------------------------------------------------------------------------------------------
262797780 20000631 16 34,756.34 143.77 33,721.52
------------------------------------------------------------------------------------------------------------------
113440647 20000632 16 24,708.47 327.46 20,305.70
------------------------------------------------------------------------------------------------------------------
48509428 20000633 16 23,038.16 148.07 21,493.14
------------------------------------------------------------------------------------------------------------------
226177430 20000636 16 35,574.61 0.30 35,466.45
------------------------------------------------------------------------------------------------------------------
226177430 20000636 16 24,013.85 122.93 22,984.61
------------------------------------------------------------------------------------------------------------------
91448595 20000637 16 27,107.47 138.76 25,866.89
------------------------------------------------------------------------------------------------------------------
309862752 20000638 16 52,980.76 175.59 52,112.61
------------------------------------------------------------------------------------------------------------------
591335132 20000639 16 35,421.60 124.00 34,733.67
------------------------------------------------------------------------------------------------------------------
291545984 20000640 3 39,106.74 131.21 38,983.57
------------------------------------------------------------------------------------------------------------------
397465414 20000641 1 39,468.22 150.31 39,408.99
------------------------------------------------------------------------------------------------------------------
233765322 20000643 16 34,369.40 224.58 32,004.48
------------------------------------------------------------------------------------------------------------------
43625261 20000644 16 41,441.67 242.12 39,056.90
------------------------------------------------------------------------------------------------------------------
262591585 20000645 8 41,854.35 140.43 41,500.76
------------------------------------------------------------------------------------------------------------------
216923363 20000646 16 48,338.22 170.45 47,379.34
------------------------------------------------------------------------------------------------------------------
265210478 20000647 16 29,132.05 182.73 27,251.68
------------------------------------------------------------------------------------------------------------------
40561216 20000648 16 33,795.34 167.88 32,331.95
------------------------------------------------------------------------------------------------------------------
490568865 20000649 16 47,754.39 164.29 46,873.86
------------------------------------------------------------------------------------------------------------------
587966829 20000650 16 44,620.35 291.56 41,550.12
------------------------------------------------------------------------------------------------------------------
315784041 20000651 5 46,384.46 155.63 46,140.39
------------------------------------------------------------------------------------------------------------------
595364210 20000655 16 45,467.36 183.49 44,188.33
------------------------------------------------------------------------------------------------------------------
595364210 20000655 16 53,568.33 221.72 53,568.33
------------------------------------------------------------------------------------------------------------------
267693442 20000656 16 56,796.52 216.96 55,398.21
------------------------------------------------------------------------------------------------------------------
352381687 20000657 16 23,191.34 149.02 21,636.60
------------------------------------------------------------------------------------------------------------------
583157221 20000658 16 35,967.98 232.09 33,540.86
------------------------------------------------------------------------------------------------------------------
267835663 20000659 16 20,755.58 236.90 17,678.65
------------------------------------------------------------------------------------------------------------------
265534102 20000660 16 22,956.49 147.54 21,417.01
------------------------------------------------------------------------------------------------------------------
263692620 20000661 16 25,373.28 163.07 23,671.76
------------------------------------------------------------------------------------------------------------------
92561465 20000662 16 58,878.02 200.54 57,825.22
------------------------------------------------------------------------------------------------------------------
80667469 20000663 16 60,029.98 198.75 59,049.60
------------------------------------------------------------------------------------------------------------------
265375170 20000666 16 40,869.69 262.65 38,129.20
------------------------------------------------------------------------------------------------------------------
265933343 20000667 16 47,945.13 161.49 47,945.13
------------------------------------------------------------------------------------------------------------------
265933343 20000667 16 47,945.13 161.49 47,891.56
------------------------------------------------------------------------------------------------------------------
265933343 20000667 16 49,891.56 3.88 49,779.58
------------------------------------------------------------------------------------------------------------------
265933343 20000667 16 54,056.79 182.53 53,295.13
------------------------------------------------------------------------------------------------------------------
261821126 20000668 13 24,253.55 155.87 22,936.71
------------------------------------------------------------------------------------------------------------------
261804898 20000669 16 31,408.99 201.84 29,303.03
------------------------------------------------------------------------------------------------------------------
587563933 20000670 16 29,099.03 117.44 28,280.34
------------------------------------------------------------------------------------------------------------------
261270685 20000671 16 39,256.75 0.99 39,256.75
------------------------------------------------------------------------------------------------------------------
261270685 20000671 16 39,256.75 0.99 39,080.58
------------------------------------------------------------------------------------------------------------------
261270685 20000671 16 34,060.58 1.04 33,754.53
------------------------------------------------------------------------------------------------------------------
261270685 20000671 16 32,564.79 209.28 30,796.75
------------------------------------------------------------------------------------------------------------------
583290180 20000672 16 50,640.43 206.16 49,186.68
------------------------------------------------------------------------------------------------------------------
66561052 20000673 16 28,120.67 144.76 26,820.43
------------------------------------------------------------------------------------------------------------------
582297909 20000674 16 36,595.53 142.18 35,655.72
------------------------------------------------------------------------------------------------------------------
112529493 20000679 16 29,076.71 155.11 28,794.12
------------------------------------------------------------------------------------------------------------------
112529493 20000679 16 29,158.73 132.70 29,076.71
------------------------------------------------------------------------------------------------------------------
112529493 20000679 16 33,979.89 208.23 32,268.73
------------------------------------------------------------------------------------------------------------------
112529493 20000679 16 29,158.73 132.70 29,158.73
------------------------------------------------------------------------------------------------------------------
276
Attachment to Annex C
Page 52
------------------------------------------------------------------------------------------------------------------
266839840 20000680 16 38,843.49 196.64 37,101.52
------------------------------------------------------------------------------------------------------------------
122543658 20000681 16 11,484.89 147.39 9,516.85
------------------------------------------------------------------------------------------------------------------
257722913 20000682 16 22,001.55 141.40 20,526.13
------------------------------------------------------------------------------------------------------------------
265776717 20000683 16 20,910.27 134.37 19,508.34
------------------------------------------------------------------------------------------------------------------
263234332 20000684 16 23,444.53 150.68 21,872.27
------------------------------------------------------------------------------------------------------------------
261715721 20000685 16 26,334.09 135.95 25,110.18
------------------------------------------------------------------------------------------------------------------
263415013 20000686 16 34,561.55 142.46 33,540.76
------------------------------------------------------------------------------------------------------------------
590539083 20000688 16 46,507.60 163.60 45,591.47
------------------------------------------------------------------------------------------------------------------
592618093 20000689 16 56,823.61 190.46 55,857.76
------------------------------------------------------------------------------------------------------------------
547133446 20000690 16 18,329.65 117.80 17,100.50
------------------------------------------------------------------------------------------------------------------
593360262 20000691 16 22,224.01 106.76 21,320.88
------------------------------------------------------------------------------------------------------------------
264956926 20000692 16 27,891.62 130.46 26,815.61
------------------------------------------------------------------------------------------------------------------
592530675 20000696 16 57,905.56 195.32 56,901.24
------------------------------------------------------------------------------------------------------------------
44500038 20000697 16 29,716.90 159.42 28,237.99
------------------------------------------------------------------------------------------------------------------
594379992 20000698 16 20,378.81 104.91 19,436.49
------------------------------------------------------------------------------------------------------------------
594379992 20000698 16 19,436.49 210.06 19,436.49
------------------------------------------------------------------------------------------------------------------
593519517 20000699 16 52,576.17 184.94 51,540.62
------------------------------------------------------------------------------------------------------------------
591209744 20000700 16 19,014.36 158.14 17,154.20
------------------------------------------------------------------------------------------------------------------
594791342 20000701 16 50,069.62 173.64 49,123.85
------------------------------------------------------------------------------------------------------------------
264953660 20000702 16 21,720.59 139.57 20,264.43
------------------------------------------------------------------------------------------------------------------
44747097 20000703 16 33,958.19 148.33 32,819.16
------------------------------------------------------------------------------------------------------------------
589859279 20000707 16 46,512.05 157.05 45,702.72
------------------------------------------------------------------------------------------------------------------
591017363 20000708 16 27,461.48 122.50 26,498.87
------------------------------------------------------------------------------------------------------------------
267873151 20000709 16 20,759.54 133.39 19,367.88
------------------------------------------------------------------------------------------------------------------
584722269 20000710 16 38,333.42 153.12 37,280.78
------------------------------------------------------------------------------------------------------------------
262350344 20000713 16 18,779.32 120.67 17,520.35
------------------------------------------------------------------------------------------------------------------
509764251 20000714 16 21,337.46 137.13 19,906.63
------------------------------------------------------------------------------------------------------------------
595867819 20000715 16 51,232.09 177.67 50,264.38
------------------------------------------------------------------------------------------------------------------
595867819 20000715 16 60,994.38 215.60 60,994.38
------------------------------------------------------------------------------------------------------------------
266253207 20000716 16 22,498.17 177.67 20,450.95
------------------------------------------------------------------------------------------------------------------
264191790 20000717 16 22,023.65 141.52 20,547.10
------------------------------------------------------------------------------------------------------------------
151648983 20000720 16 45,176.49 155.07 44,349.22
------------------------------------------------------------------------------------------------------------------
62546390 20000721 16 45,392.37 179.23 44,179.88
------------------------------------------------------------------------------------------------------------------
247219886 20000722 16 20,261.61 130.20 18,903.17
------------------------------------------------------------------------------------------------------------------
589220547 20000723 16 28,769.13 185.64 26,827.77
------------------------------------------------------------------------------------------------------------------
95405187 20000724 16 7,656.42 115.54 6,063.10
------------------------------------------------------------------------------------------------------------------
590619507 20000725 16 43,619.29 150.58 42,806.60
------------------------------------------------------------------------------------------------------------------
606685259 20000727 16 45,198.71 156.03 44,356.65
------------------------------------------------------------------------------------------------------------------
265517011 20000728 16 21,966.54 141.17 20,493.54
------------------------------------------------------------------------------------------------------------------
36406131 20000729 11 37,338.00 130.87 36,840.52
------------------------------------------------------------------------------------------------------------------
590514956 20000730 16 47,859.63 170.44 46,882.95
------------------------------------------------------------------------------------------------------------------
530718693 20000731 8 48,927.09 163.99 48,515.13
------------------------------------------------------------------------------------------------------------------
592479643 20000732 16 42,166.05 147.44 41,349.88
------------------------------------------------------------------------------------------------------------------
343348038 20000733 16 63,545.71 229.50 62,196.82
------------------------------------------------------------------------------------------------------------------
73640152 20000734 16 75,132.81 256.18 73,784.89
------------------------------------------------------------------------------------------------------------------
260087808 20000735 2 45,924.84 155.07 45,826.55
------------------------------------------------------------------------------------------------------------------
93308791 20000736 16 36,257.89 196.31 34,424.16
------------------------------------------------------------------------------------------------------------------
195582622 20000737 16 37,533.68 150.18 36,498.85
------------------------------------------------------------------------------------------------------------------
390468708 20000738 10 14,150.91 123.67 13,231.27
------------------------------------------------------------------------------------------------------------------
147600026 20000739 16 22,023.12 81.71 21,520.28
------------------------------------------------------------------------------------------------------------------
277
Attachment to Annex C
Page 53
------------------------------------------------------------------------------------------------------------------
261040846 20000740 16 25,828.95 86.57 25,389.98
------------------------------------------------------------------------------------------------------------------
568525576 20000741 16 23,604.55 154.23 21,980.50
------------------------------------------------------------------------------------------------------------------
262479663 20000774 11 46,930.00 155.07 46,409.56
------------------------------------------------------------------------------------------------------------------
279682990 20000775 7 39,710.00 131.21 39,431.08
------------------------------------------------------------------------------------------------------------------
262650990 20000780 13 51,830.00 171.26 51,149.16
------------------------------------------------------------------------------------------------------------------
592589221 20000831 2 42,500.00 140.43 42,415.20
------------------------------------------------------------------------------------------------------------------
97748942 20000832 8 51,740.00 170.96 51,481.00
------------------------------------------------------------------------------------------------------------------
97748942 20000832 8 59,211.00 192.64 59,030.58
------------------------------------------------------------------------------------------------------------------
97748942 20000832 8 59,211.00 192.64 59,211.00
------------------------------------------------------------------------------------------------------------------
261579011 20000845 5 42,410.00 140.14 42,197.67
------------------------------------------------------------------------------------------------------------------
262599968 20001017 4 43,580.00 144.00 43,405.68
------------------------------------------------------------------------------------------------------------------
309622215 20001210 4 43,870.00 144.96 43,694.52
------------------------------------------------------------------------------------------------------------------
20000105 34 16,307.35 100.32 14,092.79
------------------------------------------------------------------------------------------------------------------
20000107 20 17,678.18 98.12 15,915.53
------------------------------------------------------------------------------------------------------------------
20000108 34 18,720.15 115.15 16,178.37
------------------------------------------------------------------------------------------------------------------
20000112 34 29,021.97 96.09 27,993.40
------------------------------------------------------------------------------------------------------------------
20000113 34 28,507.89 96.06 27,438.48
------------------------------------------------------------------------------------------------------------------
20000115 34 35,118.96 116.51 33,866.06
------------------------------------------------------------------------------------------------------------------
20000116 34 33,018.86 117.15 31,572.15
------------------------------------------------------------------------------------------------------------------
20000118 34 50,137.71 184.74 47,698.82
------------------------------------------------------------------------------------------------------------------
20000119 34 18,913.62 119.59 16,230.79
------------------------------------------------------------------------------------------------------------------
20000120 34 39,599.91 136.24 38,015.26
------------------------------------------------------------------------------------------------------------------
20000121 34 21,316.66 71.90 20,514.47
------------------------------------------------------------------------------------------------------------------
20000122 34 32,208.86 109.70 30,959.27
------------------------------------------------------------------------------------------------------------------
20000123 34 37,901.57 141.03 36,009.30
------------------------------------------------------------------------------------------------------------------
20000124 34 36,721.02 136.63 34,887.95
------------------------------------------------------------------------------------------------------------------
20000125 34 26,861.82 93.05 25,764.52
------------------------------------------------------------------------------------------------------------------
20000126 34 54,077.86 182.99 52,022.06
------------------------------------------------------------------------------------------------------------------
20000127 34 23,359.80 78.54 22,489.61
------------------------------------------------------------------------------------------------------------------
20000128 34 36,090.41 126.95 34,547.88
------------------------------------------------------------------------------------------------------------------
20000129 34 32,764.49 108.48 31,603.31
------------------------------------------------------------------------------------------------------------------
20000131 34 34,078.45 118.46 32,671.82
------------------------------------------------------------------------------------------------------------------
582593039 20000132 26 38,290.00 126.52 37,268.73
------------------------------------------------------------------------------------------------------------------
20000134 34 45,851.09 171.82 43,519.20
------------------------------------------------------------------------------------------------------------------
20000139 15 19,592.89 47.71 18,273.66
------------------------------------------------------------------------------------------------------------------
20000140 2 28,619.22 24.95 28,499.17
------------------------------------------------------------------------------------------------------------------
20000141 32 40,798.86 141.49 39,228.56
------------------------------------------------------------------------------------------------------------------
63604226 20000143 16 40,420.00 133.56 39,764.20
------------------------------------------------------------------------------------------------------------------
20000144 34 43,606.67 148.69 41,908.89
------------------------------------------------------------------------------------------------------------------
20000146 34 15,721.52 96.34 13,599.76
------------------------------------------------------------------------------------------------------------------
20000148 34 31,672.36 118.18 30,079.48
------------------------------------------------------------------------------------------------------------------
20000149 34 72,364.85 244.09 69,641.35
------------------------------------------------------------------------------------------------------------------
20000150 13 27,243.61 41.97 26,847.11
------------------------------------------------------------------------------------------------------------------
220382907 20000153 27 41,540.00 137.26 40,388.09
------------------------------------------------------------------------------------------------------------------
20000154 34 48,243.42 169.91 46,174.02
------------------------------------------------------------------------------------------------------------------
20000156 34 24,139.76 152.02 20,737.33
------------------------------------------------------------------------------------------------------------------
20000157 34 36,177.17 128.35 34,592.24
------------------------------------------------------------------------------------------------------------------
20000159 34 39,254.52 200.94 35,356.08
------------------------------------------------------------------------------------------------------------------
20000160 34 15,621.58 71.23 14,378.77
------------------------------------------------------------------------------------------------------------------
20000161 34 43,238.30 145.53 41,622.12
------------------------------------------------------------------------------------------------------------------
278
Attachment to Annex C
Page 54
------------------------------------------------------------------------------------------------------------------
20000162 34 20,714.53 106.34 18,646.57
------------------------------------------------------------------------------------------------------------------
20000164 34 28,953.19 177.43 25,045.48
------------------------------------------------------------------------------------------------------------------
20000165 34 24,354.11 87.17 23,260.11
------------------------------------------------------------------------------------------------------------------
20000166 34 36,422.96 123.25 35,038.24
------------------------------------------------------------------------------------------------------------------
20000167 34 24,629.15 150.35 21,325.61
------------------------------------------------------------------------------------------------------------------
20000168 34 65,075.49 227.01 62,361.07
------------------------------------------------------------------------------------------------------------------
20000169 34 21,588.19 132.80 18,656.69
------------------------------------------------------------------------------------------------------------------
20000170 34 21,361.20 99.21 19,597.86
------------------------------------------------------------------------------------------------------------------
20000171 34 53,944.60 189.07 51,663.09
------------------------------------------------------------------------------------------------------------------
20000173 34 37,210.63 130.42 35,636.85
------------------------------------------------------------------------------------------------------------------
20000174 34 40,439.68 181.97 37,308.05
------------------------------------------------------------------------------------------------------------------
20000176 34 6,349.58 39.99 5,454.48
------------------------------------------------------------------------------------------------------------------
20000179 34 36,320.15 190.24 32,560.48
------------------------------------------------------------------------------------------------------------------
20000180 34 24,184.12 116.48 22,040.82
------------------------------------------------------------------------------------------------------------------
452810435 20000181 17 42,120.00 139.18 41,393.00
------------------------------------------------------------------------------------------------------------------
20000184 34 42,921.31 149.90 41,124.88
------------------------------------------------------------------------------------------------------------------
20000186 34 31,022.27 103.13 29,908.06
------------------------------------------------------------------------------------------------------------------
20000188 34 40,387.79 133.99 38,946.88
------------------------------------------------------------------------------------------------------------------
20000189 32 28,934.92 96.19 27,959.14
------------------------------------------------------------------------------------------------------------------
20000190 34 35,752.26 125.76 34,224.21
------------------------------------------------------------------------------------------------------------------
20000191 34 32,148.16 118.29 30,590.17
------------------------------------------------------------------------------------------------------------------
583187409 20000193 18 39,400.00 130.19 38,679.16
------------------------------------------------------------------------------------------------------------------
20000196 34 18,579.97 115.63 16,009.81
------------------------------------------------------------------------------------------------------------------
20000197 34 26,089.55 161.74 22,502.71
------------------------------------------------------------------------------------------------------------------
20000198 34 44,729.38 148.69 43,123.13
------------------------------------------------------------------------------------------------------------------
20000199 34 33,626.86 112.71 32,386.55
------------------------------------------------------------------------------------------------------------------
20000200 34 32,912.32 117.80 31,433.95
------------------------------------------------------------------------------------------------------------------
20000201 34 12,632.15 78.31 10,895.50
------------------------------------------------------------------------------------------------------------------
20000202 15 19,094.20 110.57 18,077.43
------------------------------------------------------------------------------------------------------------------
20000206 16 27,962.12 80.96 26,798.98
------------------------------------------------------------------------------------------------------------------
20000207 34 4,173.36 63.78 2,260.45
------------------------------------------------------------------------------------------------------------------
20000208 2 30,146.08 70.49 30,077.64
------------------------------------------------------------------------------------------------------------------
20000210 34 30,978.19 104.49 29,812.34
------------------------------------------------------------------------------------------------------------------
20000211 34 38,549.35 136.10 36,884.01
------------------------------------------------------------------------------------------------------------------
20000212 34 26,132.72 122.23 23,945.13
------------------------------------------------------------------------------------------------------------------
20000214 34 36,487.46 226.20 31,471.13
------------------------------------------------------------------------------------------------------------------
20000215 34 12,641.44 76.59 10,966.29
------------------------------------------------------------------------------------------------------------------
20000217 34 19,309.37 118.32 16,703.64
------------------------------------------------------------------------------------------------------------------
20000218 34 33,753.94 129.33 31,936.86
------------------------------------------------------------------------------------------------------------------
20000219 34 19,967.42 122.82 17,256.36
------------------------------------------------------------------------------------------------------------------
20000220 10 35,240.01 70.24 34,754.22
------------------------------------------------------------------------------------------------------------------
299448833 20000221 4 38,190.81 24.46 38,029.78
------------------------------------------------------------------------------------------------------------------
20000222 34 26,779.39 121.04 24,686.58
------------------------------------------------------------------------------------------------------------------
20000223 34 26,743.85 167.10 23,020.98
------------------------------------------------------------------------------------------------------------------
20000224 34 31,561.64 193.41 27,302.08
------------------------------------------------------------------------------------------------------------------
20000225 34 28,603.31 127.05 26,446.89
------------------------------------------------------------------------------------------------------------------
20000228 34 33,432.02 169.25 30,178.44
------------------------------------------------------------------------------------------------------------------
20000229 10 12,726.74 27.22 12,146.94
------------------------------------------------------------------------------------------------------------------
20000230 34 35,174.61 117.90 33,877.11
------------------------------------------------------------------------------------------------------------------
20000232 34 29,510.67 178.14 25,623.34
------------------------------------------------------------------------------------------------------------------
279
Attachment to Annex C
Page 55
------------------------------------------------------------------------------------------------------------------
20000233 34 30,239.35 107.69 28,900.23
------------------------------------------------------------------------------------------------------------------
20000234 34 17,535.46 107.88 15,153.97
------------------------------------------------------------------------------------------------------------------
20000235 34 19,173.01 117.50 16,585.16
------------------------------------------------------------------------------------------------------------------
20000236 34 30,639.75 102.70 29,509.57
------------------------------------------------------------------------------------------------------------------
20000237 34 25,500.34 87.73 24,479.95
------------------------------------------------------------------------------------------------------------------
20000239 34 40,686.76 150.33 38,692.99
------------------------------------------------------------------------------------------------------------------
20000240 34 28,128.58 173.04 24,308.75
------------------------------------------------------------------------------------------------------------------
20000242 34 17,086.74 105.11 14,766.49
------------------------------------------------------------------------------------------------------------------
20000244 34 26,879.65 98.37 25,595.87
------------------------------------------------------------------------------------------------------------------
20000245 34 35,588.61 119.29 34,275.75
------------------------------------------------------------------------------------------------------------------
20000246 34 31,389.42 176.04 27,729.47
------------------------------------------------------------------------------------------------------------------
20000248 2 18,930.98 115.91 18,747.15
------------------------------------------------------------------------------------------------------------------
20000249 2 16,324.57 41.89 16,167.73
------------------------------------------------------------------------------------------------------------------
20000250 34 40,437.44 138.65 38,835.99
------------------------------------------------------------------------------------------------------------------
20000251 2 34,354.20 86.08 34,241.63
------------------------------------------------------------------------------------------------------------------
99387820 20000252 12 44,281.00 150.75 43,690.79
------------------------------------------------------------------------------------------------------------------
20000253 13 44,374.63 150.95 43,734.71
------------------------------------------------------------------------------------------------------------------
20000255 34 28,450.37 98.67 27,284.07
------------------------------------------------------------------------------------------------------------------
20000256 34 16,025.44 99.74 13,808.35
------------------------------------------------------------------------------------------------------------------
20000258 34 23,230.81 77.78 22,376.95
------------------------------------------------------------------------------------------------------------------
20000259 34 52,416.41 184.38 50,175.99
------------------------------------------------------------------------------------------------------------------
20000264 34 32,839.34 132.29 30,843.13
------------------------------------------------------------------------------------------------------------------
20000267 34 38,959.97 135.91 37,334.86
------------------------------------------------------------------------------------------------------------------
20000268 34 28,632.00 98.17 27,498.15
------------------------------------------------------------------------------------------------------------------
20000280 34 31,827.25 109.74 30,545.16
------------------------------------------------------------------------------------------------------------------
20000281 34 16,672.34 99.16 14,528.48
------------------------------------------------------------------------------------------------------------------
20000282 15 49,090.52 6.18 48,078.83
------------------------------------------------------------------------------------------------------------------
44568122 20000283 24 31,200.00 103.09 30,433.70
------------------------------------------------------------------------------------------------------------------
20000284 34 55,770.74 194.55 53,444.56
------------------------------------------------------------------------------------------------------------------
20000285 15 24,653.51 60.17 24,601.73
------------------------------------------------------------------------------------------------------------------
20000287 5 25,889.33 15.43 25,685.86
------------------------------------------------------------------------------------------------------------------
25326218 20000288 15 29,212.25 95.89 28,612.11
------------------------------------------------------------------------------------------------------------------
20000300 4 30,612.89 72.28 30,475.01
------------------------------------------------------------------------------------------------------------------
20000302 33 30,880.00 102.04 29,825.93
------------------------------------------------------------------------------------------------------------------
589896458 20000308 31 33,620.00 111.09 32,544.58
-------------------------------------------------------------------------------------------------------------------
264677228 20000316 29 34,560.00 114.20 33,528.09
-------------------------------------------------------------------------------------------------------------------
93480368 20000317 30 53,670.00 177.34 52,010.54
-------------------------------------------------------------------------------------------------------------------
591302541 20000325 28 39,490.00 130.49 38,352.91
-------------------------------------------------------------------------------------------------------------------
14682686 20000328 28 28,310.00 93.54 27,495.06
-------------------------------------------------------------------------------------------------------------------
584162800 20000342 25 26,200.00 86.57 25,528.90
-------------------------------------------------------------------------------------------------------------------
9402991 20000355 24 43,370.00 143.31 42,304.59
-------------------------------------------------------------------------------------------------------------------
590127047 20000377 19 28,780.00 95.10 28,223.53
-------------------------------------------------------------------------------------------------------------------
938227 20000379 19 30,560.00 100.98 29,969.13
-------------------------------------------------------------------------------------------------------------------
73640923 20000383 16 22,703.14 73.32 22,334.76
-------------------------------------------------------------------------------------------------------------------
20000390 9 26,050.00 86.08 25,814.16
-------------------------------------------------------------------------------------------------------------------
20000391 9 45,970.00 151.90 45,553.83
-------------------------------------------------------------------------------------------------------------------
279703331 20000395 19 46,700.00 154.31 45,797.09
-------------------------------------------------------------------------------------------------------------------
20000396 9 38,620.00 127.61 38,270.42
-------------------------------------------------------------------------------------------------------------------
264830145 20000559 12 21,840.00 72.17 21,575.44
-------------------------------------------------------------------------------------------------------------------
593308759 20000756 14 45,020.00 148.76 44,382.35
-------------------------------------------------------------------------------------------------------------------
280
Attachment to Annex C
Page 56
-------------------------------------------------------------------------------------------------------------------
379647388 20000757 14 38,170.00 126.13 37,629.32
-------------------------------------------------------------------------------------------------------------------
400271390 20000760 15 38,200.00 126.22 37,619.71
-------------------------------------------------------------------------------------------------------------------
593379643 20000768 6 30,240.00 99.92 30,058.16
-------------------------------------------------------------------------------------------------------------------
352447124 20000773 12 33,320.00 110.10 32,916.41
-------------------------------------------------------------------------------------------------------------------
259061723 20000783 10 42,660.00 140.96 42,230.42
-------------------------------------------------------------------------------------------------------------------
581336965 20000784 10 27,910.00 92.22 27,628.97
-------------------------------------------------------------------------------------------------------------------
263295469 20000790 12 27,060.00 89.41 26,732.29
-------------------------------------------------------------------------------------------------------------------
584863539 20000791 11 33,230.00 109.80 32,861.50
-------------------------------------------------------------------------------------------------------------------
173448819 20000792 10 35,960.00 118.82 35,597.90
-------------------------------------------------------------------------------------------------------------------
261715302 20000802 9 35,410.00 117.01 35,089.40
-------------------------------------------------------------------------------------------------------------------
595185579 20000805 9 41,430.00 136.90 41,054.93
-------------------------------------------------------------------------------------------------------------------
283602886 20000828 4 42,170.00 139.34 42,001.32
-------------------------------------------------------------------------------------------------------------------
590032835 20001018 4 31,080.00 102.70 30,955.66
-------------------------------------------------------------------------------------------------------------------
590883186 20001019 3 41,820.00 138.19 41,694.67
-------------------------------------------------------------------------------------------------------------------
263658949 20001205 0 27,500.00 90.87 27,500.00
-------------------------------------------------------------------------------------------------------------------
222466501 20001206 3 39,970.00 132.07 39,850.23
-------------------------------------------------------------------------------------------------------------------
386704702 20001235 2 24,620.00 81.35 24,570.88
-------------------------------------------------------------------------------------------------------------------
589018471 20001245 1 47,860.00 158.14 47,812.31
-------------------------------------------------------------------------------------------------------------------
434594517 20001250 1 43,060.00 142.28 43,017.09
-------------------------------------------------------------------------------------------------------------------
590289833 20001255 0 20,440.00 67.54 20,440.00
-------------------------------------------------------------------------------------------------------------------
177603440 20001259 0 49,430.00 163.33 49,430.00
-------------------------------------------------------------------------------------------------------------------
264359461 20001265 0 31,440.00 103.89 31,440.00
-------------------------------------------------------------------------------------------------------------------
261478139 20001266 0 28,250.00 93.35 28,250.00
-------------------------------------------------------------------------------------------------------------------
580174594 20001267 0 28,640.00 94.64 28,640.00
-------------------------------------------------------------------------------------------------------------------
300660898 20001275 0 23,850.00 78.81 23,850.00
-------------------------------------------------------------------------------------------------------------------
392943743 20001276 0 54,640.00 180.55 54,640.00
-------------------------------------------------------------------------------------------------------------------
263615335 20001282 0 32,480.00 107.32 32,480.00
-------------------------------------------------------------------------------------------------------------------
593038019 20001300 0 36,080.00 119.22 36,080.00
-------------------------------------------------------------------------------------------------------------------
281
ANNEX D
to
PLEDGE AND SECURITY AGREEMENT
LIST OF LIMITED LIABILITY COMPANY INTERESTS
1. Flowers Foods, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Bakeries, LLC N/A N/A N/A 100% (iv)
Mrs. Smith's N/A N/A N/A 100% (iv)
Bakeries, LLC
Flowers Finance, LLC N/A N/A N/A 100% (iv)
2. Flowers Bakeries Brands, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
3. Flowers Bakeries, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Florida, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Thomasville, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Villa Rica, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Opelika, LLC
Hardin's Bakery, LLC N/A N/A N/A 100% (iv)
Home Baking Company, N/A N/A N/A 100% (iv)
LLC
Huval Bakery, LLC N/A N/A N/A 100% (iv)
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Jamestown, LLC
Franklin Baking N/A N/A N/A 100% (iv)
Company, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Lynchburg, LLC
282
ANNEX D
Page 2
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Norfolk, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Morristown, LLC
Schott's Bakery, LLC N/A N/A N/A 100% (iv)
Flowers Baking Co. of N/A N/A N/A 100% (iv)
West Virginia, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Texas, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Texarkana, LLC
Holsum Baking N/A N/A N/A 100% (iv)
Company, LLC
Shipley Baking N/A N/A N/A 100% (iv)
Company, LLC
Storck Baking N/A N/A N/A 100% (iv)
Company, LLC
Bailey Street Bakery, N/A N/A N/A 100% (iv)
LLC
Table Pride, LLC N/A N/A N/A 100% (iv)
Flowers Baking Co.of N/A N/A N/A 100% (iv)
Memphis, LLC
Hampton Roads Baking N/A N/A N/A 100% (iv)
Company, LLC
4. Mrs. Smith's Bakeries, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
European Bakers, LLC N/A N/A N/A 100% (iv)
Aunt Fanny's Bakery, N/A N/A N/A 100% (iv)
LLC
Dan-Co Bakery, LLC N/A N/A N/A 100% (iv)
283
ANNEX D
Page 3
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Mrs. Smith's Bakeries N/A N/A N/A 100% (iv)
Sales Support Group,
LLC
Mrs. Smith's Bakeries N/A N/A N/A 100% (iv)
Frozen Distributors,
LLC
Mrs. Smith's Bakeries N/A N/A N/A 100% (iv)
of Pennsylvania, LLC
Flowers Specialty N/A N/A N/A 100% (iv)
Foods of Montgomery,
LLC
Flowers Baking N/A N/A N/A 100% (iv)
Company of Fountain
Inn, LLC.
Mrs. Smith's Bakery N/A N/A N/A 100% (iv)
of London, LLC
Mrs. Smith's Bakery N/A N/A N/A 100% (iv)
of Stilwell, LLC
Mrs. Smith's Bakery N/A N/A N/A 100% (iv)
of Spartanburg, LLC
Mrs. Smith's Bakery N/A N/A N/A 100% (iv)
of Crossville, LLC
Mrs. Smith's Bakery N/A N/A N/A 100% (iv)
of Suwanee, LLC
5. Flowers Baking Co. of Florida, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Miami, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Jacksonville, LLC
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Bradenton, LLC
284
ANNEX D
Page 4
6. Flowers Baking Co. of Thomasville, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
7. Flowers Baking Co. of Villa Rica, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
8. Flowers Baking Co. of Opelika, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
9. Hardin's Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
10. Home Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
11. Huval Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Bunny Bread, LLC N/A N/A N/A 100% (iv)
12. Flowers Baking Co. of Jamestown, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
13. Franklin Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
285
ANNEX D
Page 5
14. Flowers Baking Co. of Lynchburg, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
15. Flowers Baking Co. of Norfolk, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
16. Flowers Baking Co. of Morristown, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
17. Schott's Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
18. Flowers Baking Co. of West Virginia, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
The Donut House, LLC N/A N/A N/A 100% (iv)
19. Flowers Baking Co. of Texas, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Tyler, LLC
El Paso Baking Co., N/A N/A N/A 100% (iv)
LLC
San Antonio Baking N/A N/A N/A 100% (iv)
Co., LLC
Austin Baking Co., LLC N/A N/A N/A 100% (iv)
Corpus Christi Baking N/A N/A N/A 100% (iv)
Co., LLC
286
ANNEX D
Page 6
20. Flowers Baking Co. of Texarkana, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
21. Holsum Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
22. Shipley Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
23. Storck Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
24. Bailey Street Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
25. Table Pride, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
26. Flowers Baking Co. of Memphis, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
27. Hampton Roads Baking Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
287
ANNEX D
Page 7
28. Flowers Baking Co. of Miami, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
29. Flowers Baking Co. of Jacksonville, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
30. Flowers Baking Co. of Bradenton, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
31. Bunny Bread, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Flowers Baking Co. of N/A N/A N/A 100% (iv)
Baton Rouge, LLC
32. Flowers Baking Co. of Baton Rouge, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
33. The Donut House, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
34. Flowers Baking Co. of Tyler, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
ButterKrust Bakery, N/A N/A N/A 100% (iv)
LLC
288
ANNEX D
Page 8
35. Butterkrust Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
36. El Paso Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
37. El Paso Baking Company de Mexico, S.A. de C.V.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
38. San Antonio Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
39. Austin Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
40. Corpus Christi Baking Co., LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
41. European Bakers, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
42. Aunt Fanny's Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
289
ANNEX D
Page 9
43. Dan-Co Bakery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Daniels Home Bakery N/A N/A N/A 100% (iv)
of North Carolina, LLC
44. Daniel's Home Bakery of North Carolina, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
45. Mrs. Smith's Bakeries Frozen Distributors, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
46. Mrs. Smith's Bakeries of Pennsylvania, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
47. Flowers Specialty Foods of Montgomery, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
48. Mrs. Smith's Bakery of Fountain Inn, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
49. Flowers Fresh Bakery Distributors, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
290
ANNEX D
Page 10
50. Mrs. Smith's Bakeries Sales Support Group, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
Mrs. Smith's Foil N/A N/A N/A 100% (iv)
Company, LLC
51. Mrs. Smith's Foil Company, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
52. Mrs. Smith's Bakery of London, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
53. Mrs. Smith's Brands, Inc.
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
54. Mrs. Smith's Bakery of Stilwell, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
55. Mrs. Smith's Bakery of Spartanburg, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
56. Mrs. Smith's Bakery of Crossville, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
57. Mrs. Smith's Bakery of Suwanee, LLC
Name of Relevant Sub-clause of
Issuing Number Section 3.2(a) of the
Corporation Type of Share of Shares Certificate No. Percentage Owned Pledge Agreement
----------- ------------- --------- --------------- ---------------- ----------------------
NONE.
291
ANNEX E
to
PLEDGE AND SECURITY AGREEMENT
LIST OF PARTNERSHIP INTERESTS
1. Flowers Foods, Inc.
NONE.
2. Flowers Bakeries Brands, Inc.
NONE.
3. Flowers Bakeries, LLC
NONE.
4. Mrs. Smith's Bakeries, LLC
NONE.
5. Flowers Baking Co. of Florida, LLC
NONE.
6. Flowers Baking Co. of Thomasville, LLC
NONE.
7. Flowers Baking Co. of Villa Rica, LLC
NONE.
8. Flowers Baking Co. of Opelika, LLC
NONE.
9. Hardin's Bakery, LLC
NONE.
10. Home Baking Company, LLC
NONE.
11. Huval Bakery, LLC
NONE.
12. Flowers Baking Co. of Jamestown, LLC
NONE.
13. Franklin Baking Company, LLC
NONE.
292
Annex E
Page 2
14. Flowers Baking Co. of Lynchburg, LLC
NONE.
15. Flowers Baking Co. of Norfolk, LLC
NONE.
16. Flowers Baking Co. of Morristown, LLC
NONE.
17. Schott's Bakery, LLC
NONE.
18. Flowers Baking Co. of West Virginia, LLC
NONE.
19. Flowers Baking Co. of Texas, LLC
NONE.
20. Flowers Baking Co. of Texasrkana, LLC
NONE.
21. Holsum Baking Company, LLC
NONE.
22. Shipley Baking Company, LLC
NONE.
23. Storck Baking Company, LLC
NONE.
24. Bailey Street Bakery, LLC
NONE.
25. Table Pride, LLC
NONE.
26. Flowers Baking Co. of Memphis, LLC
NONE.
27. Hampton Roads Baking Company, LLC
NONE.
28. Flowers Baking Co. of Miami, LLC
NONE.
29. Flowers Baking Co. of Jacksonville, LLC
NONE.
293
Annex E
Page 3
30. Flowers Baking Co. of Bradenton, LLC
NONE.
31. Bunny Bread, LLC
NONE.
32. Flowers Baking Co. of Baton Rouge, LLC
NONE.
33. The Donut House, LLC
NONE.
34. Flowers Baking Company of Tyler, LLC
NONE.
35. Butterkrust Bakery, LLC
NONE.
36. El Paso Baking Co., LLC
NONE.
37. El Paso Baking Company de Mexico, S.A. de C.V.
NONE.
38. San Antonio Baking Co., LLC
NONE.
39. Austin Baking Co., LLC
NONE.
40. Corpus Christi Bank Co., LLC
NONE.
41. Eurpoean Bakers, LLC
NONE.
42. Aunt Fanny's Bakery, LLC
NONE.
43. Dan-Co Baker, LLC
NONE.
44. Daniel's Home Bakery of North Carolina, LLC
NONE.
45. Mrs. Smith's Bakeries Frozen Distributors, LLC
NONE.
294
Annex E
Page 4
46. Mrs. Smith's Bakeries of Pennsylvania, LLC
NONE.
47. Flowers Specialty Foods of Montgomery, LLC
NONE.
48. Flowers Baking Company of Fountain Inn, LLC
NONE.
49. Flowers Fresh Bakery Distributors, Inc.
NONE.
50. Mrs. Smith's Bakeries Sales Support Group, LLC
NONE.
51. Mrs. Smith's Foil Company, LLC
NONE.
52. Mrs. Smith's Bakery of London, LLC
NONE.
53. Mrs. Smith's Brands, Inc.
NONE.
54. Mrs. Smith's Bakery of Stilwell, LLC
NONE.
55. Mrs. Smith's Bakery of Spartanburg, LLC
NONE.
56. Mrs. Smith's Bakery of Crossville, LLC
NONE.
57. Mrs. Smith's Bakery of Suwanee, LLC
NONE.
58. Flowers Finance, LLC
NONE.
295
ANNEX F
to
PLEDGE AND SECURITY AGREEMENT
DISTRIBUTOR'S AGREEMENTS
SEE ATTACHED FORM OF
DISTRIBUTOR AGREEMENT AND
DISTRIBUTOR AGREEMENT TABLE
296
ANNEX G
to
PLEDGE AND SECURITY AGREEMENT
SCHEDULE OF CHIEF EXECUTIVE OFFICES AND RECORD LOCATIONS
--------------------------------------------------------
1. Flowers Foods, Inc.
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
2. Flowers Bakeries Brands, Inc.
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
3. Flowers Bakeries, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
4. Flowers Baking Co. of Florida, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
5. Flowers Baking Co. of Miami, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
17800 NW Miami Court 17800 NW Miami Court
Miami, FL 33169 Miami, FL 33169
6. Flowers Baking Co. of Jacksonville, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2261 West 30th Street 2261 West 30th Street
Jacksonville, FL 32209 Jacksonville, FL 32209
7. Flowers Baking Co. of Bradenton, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
6490 Parkland Drive 6490 Parkland Drive
Bradenton, FL 34243 Sarasota, FL 34243
8. Flowers Baking Co. of Thomasville, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
300 Madison Street 300 Madison Street
Thomasville, GA 31792 Thomasville, GA 31792
9. Flowers Baking Co. of Villa Rica, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
134 Doyle McCain Drive 134 Doyle McCain Drive
Villa Rica, GA 30180 Villa Rica, GA 30180
297
Exhibit G
Page 2
10. Flowers Baking Co. of Opelika, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
101 Simmons Street 101 Simmons Street
Opelika, AL 36801 Opelika, AL 36801
11. Hardin's Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
546 15th Street 546 15th Street
Tuscaloosa, AL 35403 Tuscaloosa, AL 35403
12. Home Baking Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
900 North 16th Street 900 North 16th Street
Birmingham, AL 35203 Birmingham, AL 35203
13. Huval Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
720 West Simcoe Street 720 West Simcoe Street
Lafayette, LA 70501 Lafayette, LA 70501
14. Bunny Bread, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
5646 Lewis Road 5646 Lewis Road
New Orleans, LA 70126 New Orleans, LA 70126
15. Flowers Baking Co. of Baton Rouge, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1504 Florida Blvd. 1504 Florida Blvd.
Baton Rouge, LA 70802 Baton Rouge, LA 70802
16. Flowers Baking Co. of Jamestown, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
801 Main Street 801 Main Street
Jamestown, NC 27282 Jamestown, NC 27282
17. Franklin Baking Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
607 North Carolina Street 607 North Carolina Street
Goldsboro, NC 27530 Goldsboro, NC 27533
298
Exhibit G
Page 3
18. Flowers Baking Co. of Lynchburg, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1905 Hollins Mill Road 1905 Hollins Mill Road
Lynchburg, VA 24503 Lynchburg, VA 24503
19. Flowers Baking Co. of Norfolk, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1925 Flowers Circle 1925 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
20. Flowers Baking Co. of Morristown, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1725 West First North Street 1725 West First North Street
Morristown, TN 37814 Morristown, TN 37814
21. Schott's Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
3000 Washington Avenue 3000 Washington Avenue
Houston, TX 77007 Houston, TX 77007
22. Flowers Baking Co. of West Virginia, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1188 Coal Heritage Road 1188 Coal Heritage Road
Bluefield, WV 24701 Bluefield, WV 24701
23. The Donut House, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
5040 McCorkle Avenue 5040 McCorkle Avenue
South Charleston, WV 31757 South Charleston, WV 31757
24. Flowers Baking Co. of Texas, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
25. Flowers Baking Company of Tyler, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1200 W. Erwin Street 1200 W. Erwin Street
Tyler, TX 75702 Tyler, TX 75702
26. Butterkrust Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
6000 NE Loop 410 6000 NE Loop 410
San Antonio, TX 78218 San Antonio, TX 78218
299
Exhibit G
Page 4
27. El Paso Baking Co., LLC
Chief Executive Office: Record Location:
----------------------- ----------------
301 North Dallas Street 301 North Dallas Street
El Paso, TX 79901 El Paso, TX 79901
28. El Paso Baking Company de Mexico, S.A. de C.V.
Chief Executive Office: Record Location:
----------------------- ----------------
301 North Dallas Street 301 North Dallas Street
El Paso, TX 79901 El Paso, TX 79901
29. San Antonio Baking Co., LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
30. Austin Baking Co., LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
31. Corpus Christi Baking Co., LLC.
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
32. Flowers Baking Co. of Texarkana, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
7 Jim Walters Drive 7 Jim Walters Drive
Texarkana, AR 75504 Texarkana, AR 75504
33. Holsum Baking Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
220 Tennessee Street 220 Tennessee Street
Pine Bluff, Arkansas 71611 Pine Bluff, Arkansas 71611
34. Shipley Baking Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
73 South 6th Street 73 South 6th Street
Fort Smith, AR 72901 Fort Smith, AR 72901
35. Storck Baking Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
300
Exhibit G
Page 5
36. Bailey Street Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
165 Bailey Street SW 165 Bailey Street SW
Atlanta, GA 30314 Atlanta, GA 30314
37. Table Pride, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1940 Will Ross Court 1940 Will Ross Court
Chamblee, GA 30341 Chamblee, GA 30341
38. Flowers Baking Co. of Memphis, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1029 South Florida Street 1029 South Florida Street
Memphis, TN 38106 Memphis, TN 38106
39. Hampton Roads Baking Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1209 Corprew Avenue 1209 Corprew Avenue
Norfolk, VA 23504 Norfolk, VA 23504
40. Mrs. Smith's Bakeries, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2855 Rolling Pin Lane, Suite A 2855 Rolling Pin Lane, Suite A
Suwanee, GA 30024 Suwanee, GA 30024
41. European Bakers, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
5055 South Royal Atlanta Drive 5055 South Royal Atlanta Drive
Tucker, GA 30084 Tucker, GA 30084
42. Aunt Fanny's Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1039 Grant Street, SE 1039 Grant Street, SE
Atlanta, GA 30315 Atlanta, GA 30315
43. Dan-Co Bakery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
301 Cash Memorial Drive 301 Cash Memorial Drive
Forest Park, GA 30297 Forest Park, GA 30297
44. Daniel's Home Bakery of North Carolina, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
701 Jones Street 701 Jones Street
Pembroke, NC 28372 Pembroke, NC 28372
301
Exhibit G
Page 6
45. Mrs. Smith's Bakeries Sales Support Group, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2855 Rolling Pin Lane, Suite A 2855 Rolling Pin Lane, Suite A
Suwanee, GA 30024 Suwanee, GA 30024
46. Mrs. Smith's Foil Company, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
255 South Street 255 South Street
Pottstown, PA 19464 Pottstown, PA 19464
47. Mrs. Smith's Bakeries Frozen Distributors, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2855 Rolling Pin Lane, Suite A 2855 Rolling Pin Lane, Suite A
Suwanee, GA 30024 Suwanee, GA 30024
48. Mrs. Smith's Bakeries of Pennsylvania, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2855 Rolling Pin Lane, Suite A 2855 Rolling Pin Lane, Suite A
Suwanee, GA 30024 Suwanee, GA 30024
49. Flowers Specialty Foods of Montgomery, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
140 Folmar Parkway 140 Folmar Parkway
Montgomery, AL 36105 Montgomery, AL 36105
50. Flowers Baking Company of Fountain Inn, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2855 Rolling Pin Lane, Suite A 2855 Rolling Pin Lane, Suite A
Suwanee, GA 30024 Suwanee, GA 30024
51. Flowers Fresh Bakery Distributors, Inc.
Chief Executive Office: Record Location:
----------------------- ----------------
1411 Mountain Road 1411 Mountain Road
Andersonville, TN 37705 Andersonville, TN 37705
52. Mrs. Smith's Bakery of London, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
501 East Fourth Street 501 East Fourth Street
London, KY 40741 London, KY 40741
53. Mrs. Smith's Brands, Inc.
Chief Executive Office: Record Location:
----------------------- ----------------
2855 Rolling Pin Lane, Suite A 2855 Rolling Pin Lane, Suite A
Suwanee, GA 30024 Suwanee, GA 30024
302
Exhibit G
Page 7
54. Mrs. Smith's Bakery of Spartanburg, LLC.
Chief Executive Office: Record Location:
----------------------- ----------------
7001 Asheville Highway 7001 Asheville Highway
Spartanburg, SC 29303 Spartanburg, SC 29303
55. Mrs. Smith's Bakery of Crossville, LLC.
Chief Executive Office: Record Location:
----------------------- ----------------
1067 North Main Street 1067 North Main Street
Crossville, TN 38555 Crossville, TN 38555
56. Mrs. Smith's Bakery of Stilwell, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
5 East Walnut Street 5 East Walnut Street
Stilwell, OK 74960 Stilwell, OK 74960
57. Mrs. Smith's Bakery of Suwanee, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
2900 Rolling Pin Lane, Suite B 2900 Rolling Pin Lane, Suite B
Suwanee, GA 30024 Suwanee, GA 30024
58. Flowers Finance, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1919 Flowers Circle 1919 Flowers Circle
Thomasville, GA 31757 Thomasville, GA 31757
303
ANNEX H
to
PLEDGE AND SECURITY AGREEMENT
EXACT LEGAL NAME OF EACH PLEDGOR AND
STATE OF INCORPORATION/ORGANIZATION
PERCENTAGE
FEIN OWNED
---- -----
I. Flowers Foods, Inc. (GA) 58-2582379 Parent
-------------------
1. Flowers Finance, LLC (DE) Pending 100%
2. Flowers Bakeries, LLC (GA) 59-3483283 100%
i. Flowers Baking Co. of Florida, LLC (FL) 58-1301118 100%
1. Flowers Baking Co. of Miami, LLC (FL) 59-1758784 100%
2. Flowers Baking Co. of Jacksonville, LLC (FL) 59-1718773 100%
3. Flowers Baking Co. of Bradenton, LLC (FL) 58-1723981 100%
ii. Flowers Baking Co. of Thomasville, LLC (GA) 58-1330782 100%
iii. Flowers Baking Co. of Villa Rica, LLC (GA) 58-2109227 100%
iv. Flowers Baking Co. of Opelika, LLC (AL) 63-0752595 100%
1. Bailey Street Bakery, LLC (AL) 58-2272791 100%
v. Hardin's Bakery, LLC (AL) 63-0252356 100%
vi. Home Baking Company, LLC (AL) 63-0334970 100%
vii. Huval Bakery, LLC (LA) 59-1686698 100%
1. Bunny Bread, LLC (LA) 72-0500448 100%
a. Flowers Baking Co. of Baton Rouge, LLC (LA) 58-1740889 100%
viii. Flowers Baking Co. of Jamestown, LLC (NC) 58-1567728 100%
ix. Franklin Baking Company, LLC (NC) 56-0605051 100%
x. Flowers Baking Co. of Lynchburg, LLC (VA) 58-1309193 100%
xi. Flowers Baking Co. of Norfolk, LLC (VA) 58-1330779 100%
xii. Flowers Baking Co. of Morristown, LLC (TN) 58-1403615 100%
xiii. Schott's Bakery, LLC (TX) 74-0886850 100%
xiv. Flowers Baking Co. of West Virginia, LLC (WV) 55-0654747 100%
1. The Donut House, LLC (WV) 55-0517749 100%
xv. Flowers Baking Co. of Texas, LLC (TX) 58-1453104 100%
1. Flowers Baking Co. of Tyler, LLC (GA) 75-1786865 100%
a. Butterkrust Bakery, LLC (TX) 74-2720708 100%
2. El Paso Baking Co., LLC (TX) 74-2657988 100%
a. El Paso Baking Company de Mexico, S.A. de C.V. (MEXICO) 100%
3. San Antonio Baking Co., LLC (TX) 74-2830409 100%
4. Austin Baking Co., LLC (TX) 74-2830410 100%
5. Corpus Christi Baking Co., LLC. (TX) 74-2830414 100%
xvi. Flowers Baking Co. of Texarkana, LLC (AR) 71-0638493 100%
xvii. Holsum Baking Company, LLC (AR) 71-0209537 100%
xviii. Shipley Baking Company, LLC (AR) 71-0254043 100%
<
xix. Storck Baking Company, LLC (WV) 55-0745937 100%
xx. Table Pride, LLC (GA) 58-1846861 100%
xxi. Flowers Baking Co. of Memphis, LLC (TN) 62-1799669 100%
xxii. Hampton Roads Baking Company, LLC (VA) 58-2593937 100%
xxiii Flowers Bakeries Brands, Inc. (DE) 51-0407486 100%
3. Mrs. Smith's Bakeries, LLC (GA) 58-2392473 100%
a. European Bakers, LLC (GA) 58-0944858 100%
b. Aunt Fanny's Bakery, LLC (GA) 58-2168689 100%
c. Dan-Co Bakery, LLC (GA) 58-1989098 100%
i. Daniel's Home Bakery of North Carolina, LLC (NC) 58-2023526 100%
d. Mrs. Smith's Bakeries Sales Support Group, LLC (GA) 58-1846859 100%
i. Mrs. Smith's Foil Company, LLC (GA) 23-2947803 100%
e. Mrs. Smith's Bakeries Frozen Distributors, LLC (GA) 58-2125054 100%
f. Mrs. Smith's Bakeries of Pennsylvania, LLC (GA) 58-2236380 100%
g. Flowers Specialty Foods of Montgomery, LLC (AL) 63-0998333 100%
h. Flowers Baking Company of Fountain Inn, LLC (SC) 57-0641441 100%
i. Flowers Fresh Bakery Distributors, Inc. (TN) 62-1574151 100%
j. Mrs. Smith's Bakery of London, LLC (KY) 61-1027735 100%
k. Mrs. Smith's Brands, Inc. (SC) 57-1069445 100%
l. Mrs. Smith's Bakery of Stilwell, LLC (OK) 73-0962847 100%
m. Mrs. Smith's Bakery of Spartanburg, LLC. (SC) 57-0518564 100%
n. Mrs. Smith's Bakery of Crossville, LLC. (TN) 58-1333171 100%
o. Mrs. Smith's Bakery of Suwanee, LLC (GA) 58-2480300 100%
304
ANNEX I
to
PLEDGE AND SECURITY AGREEMENT
Form of Agreement Regarding Uncertificated Securities, Limited Liability
Company Interests and Partnership Interests
AGREEMENT (as amended, modified or supplemented from time to
time, this "Agreement"), dated as of _______ __, ____, among each of the
undersigned pledgors (each a "Pledgor" and, collectively, the "Pledgors"),
Bankers Trust Company, not in its individual capacity but solely as Collateral
Agent (the "Pledgee"), and __________, as the issuer of the Uncertificated
Securities, Limited Liability Company Interests and/or Partnership Interests
(each as defined below) (the "Issuer").
WITNESSETH:
WHEREAS, each Pledgor and the Pledgee have entered into a
Pledge and Security Agreement, dated as of _______ __, 2001 (as amended, amended
and restated, modified and/or supplemented from time to time, the "Pledge
Agreement"), under which, among other things, in order to secure the payment of
the Obligations (as defined in the Pledge Agreement), each Pledgor will pledge
to the Pledgee for the benefit of the Secured Creditors (as defined in the
Pledge Agreement), and grant a security interest in favor of the Pledgee for the
benefit of the Secured Creditors in, all of the right, title and interest of
such Pledgor in and to any and all (1) "uncertificated securities" (as defined
in Section 8-102(a)(18) of the Uniform Commercial Code, as adopted in the State
of New York) ("Uncertificated Securities"), (2) Partnership Interests (as
defined in the Pledge and Security Agreement) and (3) Limited Liability Company
Interests (as defined in the Pledge and Security Agreement), in each case issued
from time to time by the Issuer, whether now existing or hereafter from time to
time acquired by such Pledgor (with all of such Uncertificated Securities,
Partnership Interests and Limited Liability Company Interests being herein
collectively called the "Issuer Pledged Interests"); and
WHEREAS, each Pledgor desires the Issuer to enter into this
Agreement in order to perfect the security interest of the Pledgee under the
Pledge and Security Agreement in the Issuer Pledged Interests, to vest in the
Pledgee control of the Issuer Pledge Interests and to provide for the rights of
the parties under this Agreement;
NOW THEREFORE, in consideration of the premises and the mutual
promises and agreements contained herein, and for other valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:
1. Each Pledgor hereby irrevocably authorizes and directs the
Issuer, and the Issuer hereby agrees, to comply with any and all instructions
and orders originated by the Pledgee (and its successors and assigns) regarding
any and all of the Issuer Pledged Interests without the further consent by the
registered owner (including the respective Pledgor), and not to comply with any
instructions or orders regarding any or all of the Issuer Pledged Interests
originated by
305
Annex I
Page 2
any person or entity other than the Pledgee (and its successors and assigns) or
a court of competent jurisdiction.
2. The Issuer hereby certifies that (i) no notice of any
security interest, lien or other encumbrance or claim affecting the Issuer
Pledged Interests (other than the security interest of the Pledgee) has been
received by it, and (ii) the security interest of the Pledgee in the Issuer
Pledged Interests has been registered in the books and records of the Issuer.
3. The Issuer hereby represents and warrants that (i) the
pledge by the Pledgors of, and the granting by the Pledgors of a security
interest in, the Issuer Pledged Interests to the Pledgee, for the benefit of the
Secured Creditors, does not violate the charter, by-laws, partnership agreement,
membership agreement or any other agreement governing the Issuer or the Issuer
Pledged Interests, and (ii) the Issuer Pledged Interests are fully paid and
nonassessable.
4. All notices, statements of accounts, reports, prospectuses,
financial statements and other communications to be sent to any Pledgor by the
Issuer in respect of the Issuer will also be sent to the Pledgee at the
following address:
Bankers Trust Company
130 Liberty Street
New York, New York 10006
Attention: Scottye Lindsey
Telephone No.: (212) 250-3964
Telecopier No.: (212) 250-7218
5. Until the Pledgee shall have delivered written notice to the
Issuer that all of the Obligations have been paid in full and this Agreement is
terminated, the Issuer will send any and all redemptions, distributions,
interest or other payments in respect of the Issuer Pledged Interests from the
Issuer for the account of the Pledgor only by wire transfers to such account as
the Pledge shall instruct.
6. Except as expressly provided otherwise in Sections 4 and 5,
all notices, instructions, orders and communications hereunder shall be sent or
delivered by mail, telecopy or overnight courier service and all such notices
and communications shall, when mailed, telecopied or sent by overnight courier,
be effective when deposited in the mails or delivered to the overnight courier,
prepaid and properly addressed for delivery on such or the next Business Day, or
sent by telecopier, except that notices and communications to the Pledgee shall
not be effective until received by the Pledgee. All notices and other
communications shall be in writing and addressed as follows:
(a) if to any Pledgor, at:
Flowers Foods, Inc.
1919 Flowers Circle
Thomasville, Georgia 31757
Attention: Kirk Tolbert
Tel.: (912) 227-2278
Fax: (912) 225-5435
306
Annex I
Page 2
(b) if to the Pledgee, at:
Bankers Trust Company
130 Liberty Street
New York, New York 10006
Attention: Scottye Lindsey
Tel: (212) 250-3964
Fax: (212) 250-7218
(c) if to the Issuer, at:
-----------------------
c/o Flowers Foods, Inc.
1919 Flowers Circle
Thomasville, GA 31757
Attention: Kirk Tolbert
Tel.: (912) 227-2278
Fax: (912) 225-5435
or at such other address as shall have been furnished in writing by any Person
described above to the party required to give notice hereunder. As used in this
Section 6, "Business Day" means any day other than a Saturday, Sunday, or other
day in which banks in New York are authorized to remain closed.
7. This Agreement shall be binding upon the successors and
assigns of each Pledgor and the Issuer and shall inure to the benefit of and be
enforceable by the Pledgee and its successors and assigns. This Agreement may be
executed in any number of counterparts, each of which shall be an original, but
all of which shall constitute one instrument. In the event that any provision of
this Agreement shall prove to be invalid or unenforceable, such provision shall
be deemed to be severable from the other provisions of this Agreement which
shall remain binding on all parties hereto. None of the terms and conditions of
this Agreement may be changed, waived, modified or varied in any manner
whatsoever except in writing signed by the Pledgee, the Issuer and any Pledgor
which at such time owns any Issuer Pledged Interests.
8. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to its
principles of conflict of laws.
IN WITNESS WHEREOF, each Pledgor, the Pledgee and the Issuer
have caused this Agreement to be executed by their duly elected officers duly
authorized as of the date first above written.
307
Annex I
Page 4
[ ],
as a Pledgor
By_______________________________
Name:
Title:
BANKERS TRUST COMPANY,
not in its individual capacity but solely as
Collateral Agent and Pledgee
By_____________________________
Name:
Title:
[ ],
the Issuer
By_______________________________
Name:
Title:
308
EXHIBIT I
SECURITY AGREEMENT
among
FLOWERS FOODS, INC.,
CERTAIN SUBSIDIARIES OF FLOWERS FOODS, INC.
and
BANKERS TRUST COMPANY,
as COLLATERAL AGENT
--------------------------------
Dated as of March 26, 2001
--------------------------------
309
TABLE OF CONTENTS
ARTICLE I SECURITY INTERESTS.................................................................................. 2
1.1 Grant of Security Interests......................................................................... 2
1.2 Power of Attorney................................................................................... 2
ARTICLE II GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS................................................... 3
2.1 Necessary Filings................................................................................... 3
2.2 No Liens............................................................................................ 3
2.3 Other Financing Statements.......................................................................... 3
2.4 Chief Executive Office; Record Locations; Exact Legal Name; State of
Incorporation/Organization....................................................................... 3
2.5 Location of Inventory and Equipment................................................................. 4
2.6 Recourse............................................................................................ 5
2.7 Trade Names; New Trade Name......................................................................... 5
ARTICLE III SPECIAL PROVISIONS CONCERNING RECEIVABLES;
CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER...................................................... 6
3.1 Additional Representations and Warranties........................................................... 6
3.2 Maintenance of Records.............................................................................. 6
3.3 Direction to Account Debtors; Contracting Parties; etc.............................................. 6
3.4 Modification of Terms; etc.......................................................................... 7
3.5 Collection.......................................................................................... 7
3.6 Assignors Remain Liable Under Receivables........................................................... 7
3.7 Assignors Remain Liable Under Contracts............................................................. 8
ARTICLE IV SPECIAL PROVISIONS CONCERNING TRADEMARKS............................................................ 8
4.1 Additional Representations and Warranties........................................................... 8
4.2 Infringements....................................................................................... 8
4.3 Preservation of Marks............................................................................... 9
4.4 Maintenance of Registration......................................................................... 9
4.5 Future Registered Marks............................................................................. 9
4.6 Remedies............................................................................................ 9
ARTICLE V SPECIAL PROVISIONS CONCERNING
PATENTS, COPYRIGHTS AND TRADE SECRETS........................................................... 10
5.1 Additional Representations and Warranties.......................................................... 10
5.2 Infringements...................................................................................... 10
5.3 Maintenance of Patents or Copyright................................................................ 10
5.4 Prosecution of Patent Applications................................................................. 10
5.5 Other Patents and Copyrights....................................................................... 11
(i)
310
5.6 Remedies........................................................................................... 11
ARTICLE VI PROVISIONS CONCERNING ALL COLLATERAL............................................................... 11
6.1 Protection of Collateral Agent's Security.......................................................... 11
6.2 Warehouse Receipts Non-Negotiable.................................................................. 12
6.3 Further Actions.................................................................................... 12
6.4 Financing Statements............................................................................... 12
ARTICLE VII REMEDIES UPON OCCURRENCE OF EVENT OF DEFAULT....................................................... 12
7.1 Remedies; Obtaining the Collateral Upon Default.................................................... 12
7.2 Remedies; Disposition of the Collateral............................................................ 14
7.3 Waiver of Claims................................................................................... 14
7.4 Application of Proceeds............................................................................ 15
7.5 Remedies Cumulative................................................................................ 17
7.6 Discontinuance of Proceedings...................................................................... 18
ARTICLE VIII INDEMNITY........................................................................................... 18
8.1 Indemnity.......................................................................................... 18
8.2 Indemnity Obligations Secured by Collateral; Survival.............................................. 19
ARTICLE IX DEFINITIONS........................................................................................ 19
ARTICLE X MISCELLANEOUS...................................................................................... 25
10.1 Notice............................................................................................. 25
10.2 Waiver; Amendment.................................................................................. 26
10.3 Obligations Absolute............................................................................... 26
10.4 Successors and Assigns............................................................................. 26
10.5 Headings Descriptive............................................................................... 27
10.6 Governing Law...................................................................................... 27
10.7 Assignor's Duties.................................................................................. 27
10.8 Termination; Release............................................................................... 27
10.9 Counterparts....................................................................................... 28
10.10 Severability....................................................................................... 28
10.11 The Collateral Agent............................................................................... 28
10.12 Benefit of Agreement............................................................................... 28
10.13 Additional Assignors............................................................................... 28
10.14 Release of Guarantors.............................................................................. 29
(ii)
311
ANNEX A Schedule of Chief Executive Offices/Record Locations
ANNEX B Schedule of Exact Legal Name of Each Assignor and State of
Incorporation/Organization
ANNEX C Schedule of Inventory and Equipment Location
ANNEX D Schedule of Trade and Fictitious Names
ANNEX E Schedule of Marks and Applications
ANNEX F Schedule of Patents and Applications
ANNEX G Schedule of Copyrights and Applications
ANNEX H Grant of Security Interest in United States Trademarks
ANNEX I Grant of Security Interest in United States Patents
ANNEX J Grant of Security Interest in United States Copyrights
(iii)
312
EXHIBIT I
SECURITY AGREEMENT
SECURITY AGREEMENT, dated as of March 26, 2001, made by each of the
undersigned assignors (each an "Assignor" and, together with any other entity
that becomes an assignor hereunder pursuant to Section 10.13 hereof, the
"Assignors") in favor of Bankers Trust Company, as Collateral Agent (together
with any successor collateral agent, the "Collateral Agent"), for the benefit of
the Secured Creditors (as defined below). Except as otherwise defined herein,
capitalized terms used herein and defined in the Credit Agreement (as defined
below) shall be used herein as so defined.
W I T N E S S E T H :
WHEREAS, Flowers Foods, Inc. (the "Borrower"), various lenders from
time to time party thereto (the "Lenders"), SunTrust Bank, as Syndication Agent
(in such capacity, the "Syndication Agent") and Bankers Trust Company, as
Administrative Agent (in such capacity, and together with any successor
administrative agent, the "Administrative Agent" and, together with the
Collateral Agent, the Syndication Agent, the Lenders, each Issuing Lender and
their respective successors and assigns, being herein called the "Lender
Creditors"), have entered into a Credit Agreement, dated as of March 26, 2001,
providing for the making of Loans to the Borrower and the issuance of, and
participation in, Letters of Credit for the account of the Borrower, all as
contemplated therein (as used herein, the term "Credit Agreement" means the
Credit Agreement described above in this paragraph, as the same may be amended,
modified, extended, renewed, restated or supplemented from time to time);
WHEREAS, the Borrower may from time to time be party to (or guaranty
the obligations of one or more of its Subsidiaries under) one or more Interest
Rate Protection Agreements with one or more Lender Creditors or an affiliate of
a Lender Creditor (each such Lender Creditor or affiliate, even if the
respective Lender Creditor subsequently ceases to be a Lender under the Credit
Agreement for any reason, together with such Lender Creditor's or affiliate's
successors and assigns, collectively, the "Interest Rate Protection Creditors"
and, together with the Lender Creditors, the Secured Creditors);
WHEREAS, pursuant to the Subsidiaries Guaranty, the Subsidiary
Guarantors have jointly and severally guaranteed to the Lender Creditors and the
Interest Rate Protection Creditors the payment when due of all obligations and
liabilities of the Borrower under or with respect to (x) the Credit Documents
(as used herein, the term "Credit Documents" shall have the meaning provided in
the Credit Agreement and shall include any documentation executed and delivered
in connection with any replacement or refinancing of the Credit Agreement) and
(y) each Interest Rate Protection Agreement with one or more Interest Rate
Protection Creditors;
WHEREAS, it is a condition precedent to the extensions of credit under
the Credit Agreement that each Assignor shall have executed and delivered to the
Collateral Agent this Agreement; and
313
Exhibit I
Page 2
WHEREAS, each Assignor desires to execute this Agreement to satisfy the
conditions described in the immediately preceding paragraph;
NOW, THEREFORE, in consideration of the benefits accruing to each
Assignor, the receipt and sufficiency of which are hereby acknowledged, each
Assignor hereby makes the following representations and warranties to the
Collateral Agent for the benefit of the Secured Creditors and hereby covenants
and agrees with the Collateral Agent for the benefit of the Secured Creditors as
follows:
ARTICLE I
SECURITY INTERESTS
1.1 Grant of Security Interests. (a) As security for the prompt
and complete payment and performance when due of all of its Obligations, each
Assignor does hereby assign and transfer unto the Collateral Agent, and does
hereby pledge and grant to the Collateral Agent for the benefit of the Secured
Creditors, a continuing security interest in, all of the right, title and
interest of such Assignor in, to and under all of the following, whether now
existing or hereafter from time to time acquired: (i) each and every Receivable,
(ii) all Contracts, together with all Contract Rights arising thereunder, (iii)
all Inventory, (iv) all Equipment, (v) all Marks, together with the
registrations and right to all renewals thereof, and the goodwill of the
business of such Assignor symbolized by the Marks, (vi) all Patents and
Copyrights, (vii) all computer programs of such Assignor and all intellectual
property rights therein and all other proprietary information of such Assignor,
including, but not limited to, Trade Secret Rights, (viii) all software
licensing rights, (ix) all other Goods, General Intangibles, Investment
Property, Permits, Chattel Paper, Documents, Instruments and other assets, (x)
the Cash Collateral Account and all monies, securities, instruments and other
investments deposited or required to be deposited in such Cash Collateral
Account, and (xi) all Proceeds and products of any and all of the foregoing (all
of the above, collectively, the "Collateral"); provided that, notwithstanding
the foregoing or anything contained herein to the contrary, "Collateral" shall
specifically exclude the Excluded Assets.
(b) The security interest of the Collateral Agent under this
Agreement extends to all Collateral of the kind which is the subject of this
Agreement which any Assignor may acquire at any time during the term of this
Agreement.
1.2 Power of Attorney. Each Assignor hereby constitutes and
appoints the Collateral Agent its true and lawful attorney, irrevocably, with
full power after the occurrence of and during the continuance of an Event of
Default (in the name of such Assignor or otherwise) to act, require, demand,
receive, compound and give acquittance for any and all monies and claims for
monies due or to become due to such Assignor under or arising out of the
Collateral, to endorse any checks or other instruments or orders in connection
therewith and to file any claims or take any action or institute any proceedings
which the Collateral Agent may deem to be necessary or advisable to protect the
interests of the Secured Creditors, which appointment as attorney is coupled
with an interest.
314
Exhibit I
Page 3
ARTICLE II
GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS
Each Assignor represents, warrants and covenants, which
representations, warranties and covenants shall survive execution and delivery
of this Agreement, as follows:
2.1 Necessary Filings. All filings, registrations and recordings
necessary or appropriate to create, preserve and perfect the security interest
granted by such Assignor to the Collateral Agent hereby in respect of the
Collateral have been accomplished (or within 10 days after the Initial Borrowing
Date will be accomplished) and the security interest granted to the Collateral
Agent pursuant to this Agreement in and to the Collateral creates a perfected
security interest therein (subject only to completion of filings and
registrations which will be accomplished within 10 days of the Initial Borrowing
Date) prior to the rights of all other Persons therein and subject to no other
Liens (other than Permitted Liens) and is entitled to all the rights, priorities
and benefits afforded by the UCC or other relevant law as enacted in any
relevant jurisdiction to perfected security interests, in each case to the
extent that the Collateral consists of the type of property in which a security
interest may be perfected by filing a financing statement under the UCC, or by
an appropriate filing in the United States Patent and Trademark Office or in the
United States Copyright Office.
2.2 No Liens. Such Assignor is, and as to Collateral acquired by
it from time to time after the date hereof such Assignor will be, the owner of
all Collateral free from any Lien, security interest, encumbrance or other
right, title or interest of any Person (other than Permitted Liens), and such
Assignor shall defend the Collateral against all other claims and demands of all
Persons at any time claiming the same or any interest therein adverse to the
Collateral Agent.
2.3 Other Financing Statements. As of the date hereof, there is no
financing statement (or similar statement or instrument of registration under
the law of any jurisdiction) covering or purporting to cover any interest of any
kind in the Collateral (other than financing statements or other registrations,
filings or notations of liens filed in respect of Permitted Liens and financing
statements being terminated in connection with the Transaction so long as such
financing statements are in fact terminated within ten (10) days after the
Initial Borrowing Date), and so long as the Termination Date has not occurred,
such Assignor will not execute or authorize to be filed in any public office any
financing statement (or similar statement or instrument of registration under
the law of any jurisdiction) or statements relating to the Collateral, except
financing statements or other registrations, filings or notations of liens filed
or to be filed in respect of and covering the security interests granted hereby
by such Assignor or in connection with Permitted Liens.
2.4 Chief Executive Office; Record Locations; Exact Legal Name;
State of Incorporation/Organization. (a) The chief executive office of such
Assignor is located at the address indicated on Annex A hereto for such
Assignor. Such Assignor will not move its chief executive office except to such
new location as such Assignor may establish in accordance with the last sentence
of this Section 2.4. The originals of all documents evidencing all Receivables
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and Contract Rights of such Assignor and the only original books of account and
records of such Assignor relating thereto are, and will continue to be, kept at
such chief executive office, at one or more of the other locations set forth on
Annex A hereto or at such new locations as such Assignor may establish in
accordance with the penultimate sentence of this Section 2.4. All Receivables
and Contract Rights of such Assignor are, and will continue to be, maintained
at, and controlled and directed (including, without limitation, for general
accounting purposes) from, the office locations described above or such new
location established in accordance with the last sentence of this Section 2.4.
No Assignor shall establish new locations for such offices until (i) it shall
have given to the Collateral Agent not less than 15 days' prior written notice
of its intention to do so, providing a complete address for such new location
and providing such other information in connection therewith as the Collateral
Agent may reasonably request, and (ii) with respect to such new location, it
shall have taken all action reasonably satisfactory to the Collateral Agent
necessary to maintain the security interest of the Collateral Agent in the
Collateral intended to be granted hereby at all times fully perfected and in
full force and effect. Promptly after establishing a new location for such
offices in accordance with the immediately preceding sentence, the respective
Assignor shall deliver to the Collateral Agent a supplement to Annex A hereto so
as to cause such Annex A hereto to be complete and accurate.
(b) The exact legal name of each Assignor, and the state of
incorporation or organization, as the case may be, of each Assignor is as
specified in Annex B hereto. Such Assignor will not change its name or establish
a new state of incorporation or organization until (i) it shall have given to
the Collateral Agent not less than 15 days' prior written notice of its
intention so to do, clearly describing such new name and/or jurisdiction of
organization and providing such other information in connection therewith as the
Collateral Agent may reasonably request and (ii) with respect to such new name
and/or jurisdiction of organization, it shall have taken all action, reasonably
satisfactory to the Collateral Agent, necessary to maintain the security
interest of the Collateral Agent in the Collateral intended to be granted hereby
at all times fully perfected and in full force and effect. Promptly after
establishing a new name and/or jurisdiction of organization in accordance with
the immediately preceding sentence, the respective Assignor shall deliver to the
Collateral Agent a supplement to Annex B hereto so as to cause such Annex B
hereto to be complete and accurate.
2.5 Location of Inventory and Equipment. All Collateral consisting
of Inventory and Equipment held on the date hereof by each Assignor (other than
motor vehicles) is located at one of the locations shown on Annex C hereto for
such Assignor. Each Assignor agrees that all Inventory and Equipment now held or
subsequently acquired by it (other than motor vehicles) shall be kept at (or
shall be in transport to) any one of the locations shown on Annex C hereto, or
such new location as such Assignor may establish in accordance with the
following sentence of this Section 2.5 until, in the case of Collateral
constituting Inventory, such Collateral is transported to any of such Assignor's
customers. Any Assignor may establish a new location for Inventory and Equipment
only if (i) it shall have given to the Collateral Agent not less than 15 days'
prior written notice of its intention so to do, providing a complete address for
such new location and providing such other information in connection therewith
as the Collateral Agent may request and (ii) with respect to such new location,
it shall have taken all action reasonably satisfactory to the Collateral Agent
necessary to maintain the security interest of the Collateral
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Agent in the Collateral intended to be granted hereby at all times fully
perfected and in full force and effect. Promptly after establishing a new
location for such Inventory and Equipment in accordance with the immediately
preceding sentence, the respective Assignor shall deliver to the Collateral
Agent a supplement to Annex C hereto so as to cause such Annex C hereto to be
complete and accurate. Notwithstanding anything to the contrary above in this
Section 2.5, (i) to the extent that any movement of Inventory and/or Equipment
to a location not shown on Annex C hereto but which is located in a jurisdiction
within which all filings and recordings necessary to perfect and maintain the
security interest of the Collateral Agent in such Inventory and/or Equipment
have been made, the Assignors shall be permitted, in lieu of the procedures set
forth in the second sentence of this Section 2.5, to provide a quarterly
Collateral location update (which update shall be in the form required by
Section 8.01(f) of the Credit Agreement and shall otherwise be required to be
delivered in accordance with Section 8.01(f) of the Credit Agreement),
whereafter all applicable Assignors shall promptly take all action, if any,
deemed reasonably necessary by the Collateral Agent to maintain the security
interest of the Collateral Agent in all such Inventory and/or Equipment located
at such new location, (ii) no Assignor shall be deemed to have made any
misrepresentation or otherwise defaulted in any obligation pursuant to this
Section 2.5 as a result of any failure of in-store Inventory (or Inventory in
transit to stores) produced by such Assignor at a location otherwise satisfying
the requirements of this Section 2.5 (and any related in-store Equipment (or
Equipment in transit to stores) relating to such Inventory) to be located at a
location complying with this Section 2.5 and (iii) no Assignor shall be deemed
to have made any misrepresentation or otherwise defaulted in any obligation
pursuant to this Section 2.5 as a result of any failure of any other Inventory
or Equipment to be located at a location complying with this Section 2.5, so
long as the aggregate fair market value of all such Inventory and Equipment
subject to this clause (iii) shall not at any time exceed $10,000,000.
2.6 Recourse. This Agreement is made with full recourse to each
Assignor (including, without limitation, with full recourse to all assets of
such Assignor) and pursuant to and upon all the warranties, representations,
covenants and agreements on the part of such Assignor contained herein, in the
other Secured Debt Agreements and otherwise in writing in connection herewith or
therewith.
2.7 Trade Names; New Trade Name. No Assignor has or operates in
any jurisdiction under, or in the preceding five years has had or has operated
in any jurisdiction under, any trade names, fictitious names or other names
except its legal name as listed on Annex B hereto and such other trade or
fictitious names as are listed on Annex D hereto for such Assignor. No Assignor
shall assume or operate in any jurisdiction under any trade, fictitious or other
name except those names listed on Annex D hereto for such Assignor unless it
shall have given to the Collateral Agent not less than 15 days' prior written
notice of its intention so to do, clearly describing such new name and the
jurisdictions in which such new name shall be used and shall have taken all
action reasonably requested by the Collateral Agent necessary to maintain the
security interest of the Collateral Agent in the Collateral intended to be
granted hereby at all times fully perfected and in full force and effect.
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ARTICLE III
SPECIAL PROVISIONS CONCERNING RECEIVABLES;
CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER
3.1 Additional Representations and Warranties. As of the time when
each of its Receivables arises, each Assignor shall be deemed to have
represented and warranted that such Receivable, and all records, papers and
documents relating thereto (if any) are in all material respects what they
purport to be, and that all papers and documents (if any) relating thereto (i)
will, to the knowledge of such Assignor, represent the genuine, legal, valid and
binding obligation of the account debtor, enforceable against such account
debtor in accordance with its terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws generally affecting creditors'
rights and by equitable principles (regardless of whether enforcement is sought
in equity or at law) evidencing indebtedness unpaid and owed by the respective
account debtor arising out of the performance of labor or services or the sale
or lease and delivery of the merchandise listed therein, or both, (ii) will be
the only original writings evidencing and embodying such obligation of the
account debtor named therein (other than copies created for general accounting
purposes), and (iii) will be in compliance and will conform in all material
respects with all applicable federal, state and local laws and applicable laws
of any relevant foreign jurisdiction applicable to such Assignor.
3.2 Maintenance of Records. Each Assignor will keep and maintain
at its own cost and expense records of its Receivables and Contracts that are
accurate in all material respects, including, but not limited to, originals of
all documentation (including each Contract) with respect thereto, records of all
payments received, all credits granted thereon, all merchandise returned and all
other dealings therewith, and such Assignor will make the same available on such
Assignor's premises to the Collateral Agent for inspection, at such Assignor's
own cost and expense, at any and all times during normal business hours upon
prior written notice to such Assignor. Upon the occurrence and during the
continuance of an Event of Default and if the Collateral Agent so directs, such
Assignor shall legend, in form and manner satisfactory to the Collateral Agent,
the Receivables and the Contracts, as well as books, records and documents (if
any) of such Assignor evidencing or pertaining to such Receivables and Contracts
with an appropriate reference to the fact that such Receivables and Contracts
have been assigned to the Collateral Agent and that the Collateral Agent has a
security interest therein.
3.3 Direction to Account Debtors; Contracting Parties; etc. Upon
the occurrence and during the continuance of an Event of Default, if the
Collateral Agent so directs any Assignor, such Assignor agrees (x) to cause all
payments on account of the Receivables and Contracts to be made directly to the
Cash Collateral Account, (y) that the Collateral Agent may, at its option,
directly notify the obligors with respect to any Receivables and/or under any
Contracts to make payments with respect thereto as provided in the preceding
clause (x), and (z) that the Collateral Agent may enforce collection of any such
Receivables and Contracts and may adjust, settle or compromise the amount of
payment thereof, in the same manner and to the same extent as such Assignor.
Without notice to or assent by any Assignor, the Collateral Agent may
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apply any or all amounts then in, or thereafter deposited in, the Cash
Collateral Account which application shall be effected in the manner provided in
Section 7.4 of this Agreement. The costs and expenses (including reasonable
attorneys' fees) of collection, whether incurred by an Assignor or the
Collateral Agent, shall be borne by the relevant Assignor. The Collateral Agent
shall deliver a copy of each notice referred to in the preceding clause (y) to
the relevant Assignor, provided, that the failure by the Collateral Agent to so
notify such Assignor shall not affect the effectiveness of such notice or the
other rights of the Collateral Agent created by this Section 3.3.
3.4 Modification of Terms; etc. Except in accordance with such
Assignor's ordinary course of business and consistent with reasonable business
judgment, no Assignor shall rescind or cancel any indebtedness evidenced by any
Receivable or under any Contract, or modify any term thereof or make any
adjustment with respect thereto, or extend or renew the same, or compromise or
settle any material dispute, claim, suit or legal proceeding relating thereto,
or sell any Receivable or Contract, or interest therein, without the prior
written consent of the Collateral Agent. No Assignor will do anything to impair
the rights of the Collateral Agent in the Receivables or Contracts.
3.5 Collection. Each Assignor shall endeavor in accordance with
reasonable business practices to cause to be collected from the account debtor
named in each of its Receivables or obligor under any Contract, as and when due
(including, without limitation, amounts which are delinquent, such amounts to be
collected in accordance with generally accepted lawful collection procedures)
any and all amounts owing under or on account of such Receivable or Contract,
and apply forthwith upon receipt thereof all such amounts as are so collected to
the outstanding balance of such Receivable or under such Contract, except as
otherwise directed by the Collateral Agent after the occurrence and during the
continuation of an Event of Default, any Assignor may allow in the ordinary
course of business as adjustments to amounts owing under its Receivables and
Contracts (i) an extension or renewal of the time or times of payment, or
settlement for less than the total unpaid balance, which such Assignor finds
appropriate in accordance with reasonable business judgment and (ii) a refund or
credit due as a result of returned or damaged merchandise or improperly
performed services or for other reasons which such Assignor finds appropriate in
accordance with reasonable business judgment. The costs and expenses (including,
without limitation, reasonable attorneys' fees) of collection, whether incurred
by an Assignor or the Collateral Agent, shall be borne by the relevant Assignor.
3.6 Assignors Remain Liable Under Receivables. Anything herein to
the contrary notwithstanding, the Assignors shall remain liable under each of
the Receivables to observe and perform all of the conditions and obligations to
be observed and performed by it thereunder, all in accordance with the terms of
any agreement giving rise to such Receivables. Neither the Collateral Agent nor
any other Secured Creditor shall have any obligation or liability under any
Receivable (or any agreement giving rise thereto) by reason of or arising out of
this Agreement or the receipt by the Collateral Agent or any other Secured
Creditor of any payment relating to such Receivable pursuant hereto, nor shall
the Collateral Agent or any other Secured Creditor be obligated in any manner to
perform any of the obligations of any Assignor under or pursuant to any
Receivable (or any agreement giving rise thereto), to make any payment, to make
any inquiry as to the nature or the sufficiency of any payment received by them
or as to the
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Exhibit I
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sufficiency of any performance by any party under any Receivable (or any
agreement giving rise thereto), to present or file any claim, to take any action
to enforce any performance or to collect the payment of any amounts which may
have been assigned to them or to which they may be entitled at any time or
times.
3.7 Assignors Remain Liable Under Contracts. Anything herein to
the contrary notwithstanding, the Assignors shall remain liable under each of
the Contracts to observe and perform all of the conditions and obligations to be
observed and performed by them thereunder, all in accordance with and pursuant
to the terms and provisions of each Contract. Neither the Collateral Agent nor
any other Secured Creditor shall have any obligation or liability under any
Contract by reason of or arising out of this Agreement or the receipt by the
Collateral Agent or any other Secured Creditor of any payment relating to such
contract pursuant hereto, nor shall the Collateral Agent or any other Secured
Creditor be obligated in any manner to perform any of the obligations of any
Assignor under or pursuant to any Contract, to make any payment, to make any
inquiry as to the nature or the sufficiency of any performance by any party
under any Contract, to present or file any claim, to take any action to enforce
any performance or to collect the payment of any amounts which may have been
assigned to them or to which they may be entitled at any time or times.
ARTICLE IV
SPECIAL PROVISIONS CONCERNING TRADEMARKS
4.1 Additional Representations and Warranties. Each Assignor
represents and warrants that it is the true and lawful owner of or otherwise has
the right to use the registered Marks listed in Annex E hereto for such Assignor
and that said listed Marks include all United States marks and applications for
United States marks registered in the United States Patent and Trademark Office
that such Assignor owns or uses in connection with its business as of the date
hereof. Each Assignor represents and warrants that it owns, is licensed to use
or otherwise has the right to use, all Marks that it uses. Each Assignor further
warrants that it has no knowledge of any third party claim that any aspect of
such Assignor's present or contemplated business operations infringes or will
infringe any trademark, service xxxx or trade name other than as could not,
either individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. Each Assignor represents and warrants that it is the
true and lawful owner of or otherwise has the right to use all U.S. trademark
registrations and applications listed in Annex E hereto and that said
registrations are valid, subsisting, have not been cancelled and that such
Assignor is not aware of any third-party claim that any of said registrations is
invalid or unenforceable, or is not aware that there is any reason that any of
said registrations is invalid or unenforceable, or is not aware that there is
any reason that any of said applications will not pass to registration other
than as could not, either individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. Each Assignor hereby grants to the
Collateral Agent an absolute power of attorney to sign, upon the occurrence and
during the continuance of an Event of Default, any document which may be
required by the United States Patent and Trademark Office in order to effect an
absolute assignment of all right, title and interest in each Xxxx, and record
the same.
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Exhibit I
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4.2 Infringements. Each Assignor agrees, promptly upon learning
thereof, to notify the Collateral Agent in writing of the name and address of,
and to furnish such pertinent information that may be available with respect to,
any party who such Assignor believes is infringing or diluting or otherwise
violating any of such Assignor's rights in and to any Xxxx, or with respect to
any party claiming that such Assignor's use of any Xxxx violates in any material
respect any property right of that party. Each Assignor further agrees to
prosecute in accordance with reasonable business practices any Person infringing
any Xxxx in any manner that could reasonably be expected to have a Material
Adverse Effect.
4.3 Preservation of Marks. Each Assignor agrees to take all such
actions as are necessary to preserve its Marks (other than Marks determined by
such Assignor, in the exercise of its reasonable business judgment, to be no
longer useful or advantageous to the ongoing conduct of its business) as
trademarks or service marks under the laws of the United States.
4.4 Maintenance of Registration. Each Assignor shall, at its own
expense, diligently process all documents required to maintain trademark
registrations, including but not limited to affidavits of use and applications
for renewals of registration in the United States Patent and Trademark Office
for all of its significant registered Marks (other than Marks determined by such
Assignor, in the exercise of its reasonable business judgment, to be no longer
useful or advantageous to the ongoing conduct of its business), and shall pay
all fees and disbursements in connection therewith and shall not abandon any
such filing of affidavit of use or any such application of renewal prior to the
exhaustion of all administrative and judicial remedies without prior written
consent of the Collateral Agent.
4.5 Future Registered Marks. If any Xxxx registration is issued
hereafter to any Assignor as a result of any application now or hereafter
pending before the United States Patent and Trademark Office, within 30 days of
receipt of such certificate, such Assignor shall deliver to the Collateral Agent
a copy of such certificate, and an assignment for security in such Xxxx, to the
Collateral Agent and at the expense of such Assignor, confirming the assignment
for security in such Xxxx to the Collateral Agent hereunder, the form of such
security to be substantially in the form of Annex H hereto, or in such other
form as may be reasonably satisfactory to the Collateral Agent.
4.6 Remedies. If an Event of Default shall occur and be
continuing, the Collateral Agent may, by written notice to the relevant
Assignor, take any or all of the following actions: (i) declare the entire
right, title and interest of such Assignor in and to each of the Marks, together
with all trademark rights and rights of protection to the same, vested in the
Collateral Agent for the benefit of the Secured Creditors, in which event such
rights, title and interest shall immediately vest in the Collateral Agent for
the benefit of the Secured Creditors, and the Collateral Agent shall be entitled
to exercise the power of attorney referred to in Section 4.1 hereof to execute,
cause to be acknowledged and notarized and record said absolute assignment with
the applicable agency; (ii) take and use or sell the Marks and the goodwill of
such Assignor's business symbolized by the Marks and the right to carry on the
business and use the assets of such Assignor in connection with which the Marks
have been used; and (iii) direct such Assignor to refrain, in which event such
Assignor shall refrain, from using the Marks in any
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Exhibit I
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manner whatsoever, directly or indirectly, and such Assignor shall execute such
further documents that the Collateral Agent may reasonably request to further
confirm this and to transfer ownership of the Marks and registrations and any
pending trademark application in the United States Patent and Trademark Office
to the Collateral Agent.
ARTICLE V
SPECIAL PROVISIONS CONCERNING
PATENTS, COPYRIGHTS AND TRADE SECRETS
5.1 Additional Representations and Warranties. Each Assignor
represents and warrants that it is the true and lawful owner of all rights in
(i) all Trade Secrets and proprietary information necessary to operate the
business of the Assignor (the "Trade Secret Rights"), (ii) the Patents listed in
Annex F hereto for such Assignor and that said Patents include all the United
States patents and applications for United States patents that such Assignor
owns as of the date hereof and (iii) the Copyrights listed in Annex G hereto for
such Assignor and that said Copyrights constitute all the United States
copyrights registered with the United States Copyright Office and applications
to United States copyrights that such Assignor owns as of the date hereof. Each
Assignor further warrants that it has no knowledge of any third party claim that
any aspect of such Assignor's present or contemplated business operations
infringes or will infringe any patent or such Assignor has misappropriated any
trade secret or proprietary information which, either individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. Each
Assignor hereby grants to the Collateral Agent an absolute power of attorney to
sign, upon the occurrence and during the continuance of any Event of Default,
any document which may be required by the United States Patent and Trademark
Office in order to effect an absolute assignment of all right, title and
interest in each Patent, and to record the same.
5.2 Infringements. Each Assignor agrees, promptly upon learning
thereof, to furnish the Collateral Agent in writing with all pertinent
information available to such Assignor with respect to any infringement,
contributing infringement or active inducement to infringe in any Patent or
Copyright or to any claim that the practice of any Patent or use of any
Copyright violates any property right of a third party, or with respect to any
misappropriation of any Trade Secret Right or any claim that practice of any
Trade Secret Right violates any property right of a third party in any manner
which, either individually or in the aggregate, could reasonably be expected to
have a Material Adverse Effect. Each Assignor further agrees, absent direction
of the Collateral Agent to the contrary, to diligently prosecute any Person
infringing any Patent or Copyright or any Person misappropriating any Trade
Secret Right in accordance with such Assignor's reasonable business judgment.
5.3 Maintenance of Patents or Copyright. At its own expense, each
Assignor shall make timely payment of all post-issuance fees required pursuant
to 35 U.S.C. ss. 41 to maintain in force its rights under each Patent or
Copyright (other than Patents and Copyrights determined by such Assignor, in the
exercise of its reasonable business judgment, to be no longer useful or
advantageous to the ongoing conduct of its business), absent prior written
consent of the Collateral Agent.
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5.4 Prosecution of Patent Applications. At its own expense, each
Assignor shall diligently prosecute all significant applications for (i) United
States Patents listed in Annex F hereto (other than Patents determined by such
Assignor, in the exercise of its reasonable business judgment, to be no longer
useful or advantageous to the ongoing conduct of its business) and (ii)
Copyrights listed on Annex G hereto (other than Copyrights determined by such
Assignor, in the exercise of its reasonable business judgment, to be no longer
useful or advantageous to the ongoing conduct of its business), in each case for
such Assignor and shall not abandon any such application prior to exhaustion of
all administrative and judicial remedies, absent written consent of the
Collateral Agent.
5.5 Other Patents and Copyrights. Within 30 days of the
acquisition or issuance of a United States Patent, registration of a Copyright,
or acquisition of a registered Copyright, or of filing of an application for a
United States Patent or Copyright, the relevant Assignor shall deliver to the
Collateral Agent a copy of said Copyright or certificate or registration of, or
application therefor, said Patents, as the case may be, with an assignment for
security as to such Patent or Copyright, as the case may be, to the Collateral
Agent and at the expense of such Assignor, confirming the assignment for
security, the form of such assignment for security to be substantially in the
form of Annex I or J hereto, as appropriate, or in such other form as may be
reasonably satisfactory to the Collateral Agent.
5.6 Remedies. If an Event of Default shall occur and be
continuing, the Collateral Agent may by written notice to the relevant Assignor,
take any or all of the following actions: (i) declare the entire right, title,
and interest of such Assignor in each of the Patents and Copyrights vested in
the Collateral Agent for the benefit of the Secured Creditors, in which event
such right, title, and interest shall immediately vest in the Collateral Agent
for the benefit of the Secured Creditors, in which case the Collateral Agent
shall be entitled to exercise the power of attorney referred to in Section 5.1
hereof to execute, cause to be acknowledged and notarized and to record said
absolute assignment with the applicable agency; (ii) take and practice or sell
the Patents and Copyrights; and (iii) direct such Assignor to refrain, in which
event such Assignor shall refrain, from practicing the Patents and using the
Copyrights directly or indirectly, and such Assignor shall execute such further
documents as the Collateral Agent may reasonably request further to confirm this
and to transfer ownership of the Patents and Copyrights to the Collateral Agent
for the benefit of the Secured Creditors.
ARTICLE VI
PROVISIONS CONCERNING ALL COLLATERAL
6.1 Protection of Collateral Agent's Security. Each Assignor will
at all times keep its Inventory and Equipment constituting Collateral insured in
favor of the Collateral Agent, at such Assignor's own expense to the extent and
in the manner provided in the Credit Agreement. The Collateral Agent shall, at
the time any proceeds of such insurance are distributed to the Secured
Creditors, apply such proceeds in accordance with Section 7.4 hereof (or, to the
extent any such proceeds are held by the Collateral Agent pursuant to a cash
collateral arrangement entered into pursuant to the terms of the Credit
Agreement, the Collateral Agent
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shall deliver such proceeds to the applicable Assignor for the purpose of
replacing or restoring the Collateral with respect to which such proceeds were
received or reinvesting such proceeds in Eligible Assets or apply such proceeds
in accordance with Section 7.4 hereof, in each case in accordance with the terms
of the Credit Agreement and such cash collateral arrangement). Each Assignor
assumes all liability and responsibility in connection with the Collateral
acquired by it and the liability of such Assignor to pay the Obligations shall
in no way be affected or diminished by reason of the fact that such Collateral
may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable
to such Assignor.
6.2 Warehouse Receipts Non-Negotiable. Each Assignor agrees that
if any warehouse receipt or receipt in the nature of a warehouse receipt is
issued with respect to any material portion of its Inventory, such Assignor
shall request that such warehouse receipt or receipt in the nature thereof shall
not be "negotiable" (as such term is used in Section 7-104 of the Uniform
Commercial Code as in effect in any relevant jurisdiction or under other
relevant law).
6.3 Further Actions. Each Assignor will, at its own expense and
upon the request of the Collateral Agent, make, execute, endorse, acknowledge,
file and/or deliver to the Collateral Agent from time to time such lists,
descriptions and designations of its Collateral, warehouse receipts, receipts in
the nature of warehouse receipts, bills of lading, documents of title, vouchers,
invoices, schedules, confirmatory assignments, conveyances, financing
statements, transfer endorsements, certificates, reports and other assurances or
instruments and take such further steps relating to the Collateral and other
property or rights covered by the security interest hereby granted, which the
Collateral Agent deems reasonably appropriate or advisable to perfect, preserve
or protect its security interest in the Collateral.
6.4 Financing Statements. Each Assignor agrees to execute and
deliver to the Collateral Agent such financing statements, in form reasonably
acceptable to the Collateral Agent, as the Collateral Agent may from time to
time reasonably request or as are necessary or desirable in the opinion of the
Collateral Agent to establish and maintain a valid, enforceable, first priority
perfected security interest in the Collateral as provided herein and the other
rights and security contemplated hereby all in accordance with the UCC as
enacted in any and all relevant jurisdictions or any other relevant law. Each
Assignor will pay any applicable filing fees, recordation taxes and related
expenses relating to its Collateral. Each Assignor hereby authorizes the
Collateral Agent to file any such financing statements without the signature of
such Assignor where permitted by law.
ARTICLE VII
REMEDIES UPON OCCURRENCE OF EVENT OF DEFAULT
7.1 Remedies; Obtaining the Collateral Upon Default. Each Assignor
agrees that, if any Event of Default shall have occurred and be continuing, then
and in every such case, the Collateral Agent, in addition to any rights now or
hereafter existing under applicable law, shall
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have all rights as a secured creditor under any UCC, and such additional rights
and remedies to which a secured creditor is entitled under the laws in effect,
in all relevant jurisdictions and may:
(i) personally, or by agents or attorneys, immediately take
possession of the Collateral or any part thereof, from such Assignor or any
other Person who then has possession of any part thereof with or without notice
or process of law, and for that purpose may enter upon such Assignor's premises
where any of the Collateral is located and remove the same and use in connection
with such removal any and all services, supplies, aids and other facilities of
such Assignor;
(ii) instruct the obligor or obligors on any agreement, instrument
or other obligation (including, without limitation, the Receivables and the
Contracts) constituting the Collateral to make any payment required by the terms
of such agreement, instrument or other obligation directly to the Collateral
Agent and may exercise any and all remedies of such Assignor in respect of such
Collateral;
(iii) withdraw all monies, securities and instruments in the Cash
Collateral Account for application to the Obligations in accordance with Section
7.4 hereof;
(iv) sell, assign or otherwise liquidate any or all of the
Collateral or any part thereof in accordance with Section 7.2 hereof, or direct
the relevant Assignor to sell, assign or otherwise liquidate any or all of the
Collateral or any part thereof, and, in each case, take possession of the
proceeds of any such sale or liquidation;
(v) take possession of the Collateral or any part thereof, by
directing the relevant Assignor in writing to deliver the same to the Collateral
Agent at any place or places designated by the Collateral Agent, in which event
such Assignor shall at its own expense:
(x) forthwith cause the same to be moved to the place or
places so designated by the Collateral Agent and there delivered to the
Collateral Agent;
(y) store and keep any Collateral so delivered to the
Collateral Agent at such place or places pending further action by the
Collateral Agent as provided in Section 7.2 hereof; and
(z) while the Collateral shall be so stored and kept,
provide such guards and maintenance services as shall be necessary to
protect the same and to preserve and maintain them in good condition;
and
(vi) license or sublicense, whether on an exclusive or nonexclusive
basis, any Marks, Patents or Copyrights included in the Collateral for such term
and on such conditions and in such manner as the Collateral Agent shall in its
sole judgment determine;
it being understood that each Assignor's obligation so to deliver the Collateral
is of the essence of this Agreement and that, accordingly, upon application to a
court of equity having jurisdiction, the Collateral Agent shall be entitled to a
decree requiring specific performance by such Assignor
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of said obligation. By accepting the benefits of this Agreement, the Secured
Creditors agree that this Agreement may be enforced only by the action of the
Collateral Agent acting upon the instructions of the Required Secured Creditors
and that no other Secured Creditor shall have any right individually to seek to
enforce this Agreement or to realize upon the security to be granted hereby, it
being understood and agreed that such rights and remedies may be exercised by
the Collateral Agent for the benefit of the Secured Creditors upon the terms of
this Agreement and the other Security Documents.
7.2 Remedies; Disposition of the Collateral. If any Event of
Default shall have occurred and be continuing, then any Collateral repossessed
by the Collateral Agent under or pursuant to Section 7.1 hereof and any other
Collateral whether or not so repossessed by the Collateral Agent, may be sold,
assigned, leased or otherwise disposed of under one or more contracts or as an
entirety, and without the necessity of gathering at the place of sale the
property to be sold, and in general in such manner, at such time or times, at
such place or places and on such terms as the Collateral Agent may, in
compliance with any mandatory requirements of applicable law, determine to be
commercially reasonable. Any of the Collateral may be sold, leased or otherwise
disposed of, in the condition in which the same existed when taken by the
Collateral Agent or after any overhaul or repair at the expense of the relevant
Assignor which the Collateral Agent shall determine to be commercially
reasonable. Any such disposition which shall be a private sale or other private
proceedings permitted by such requirements shall be made upon not less than 10
days' prior written notice to the relevant Assignor specifying the time at which
such disposition is to be made and the intended sale price or other
consideration therefor, and shall be subject, for the 10 days after the giving
of such notice, to the right of the relevant Assignor or any nominee of such
Assignor to acquire the Collateral involved at a price or for such other
consideration at least equal to the intended sale price or other consideration
so specified. Any such disposition which shall be a public sale permitted by
such requirements shall be made upon not less than 10 days' prior written notice
to the relevant Assignor specifying the time and place of such sale and, in the
absence of applicable requirements of law, shall be by public auction (which
may, at the Collateral Agent's option, be subject to reserve), after publication
of notice of such auction (where required by applicable law) not less than 10
days prior thereto. The Collateral Agent may, without notice or publication,
adjourn any public or private sale or cause the same to be adjourned from time
to time by announcement at the time and place fixed for the sale, and such sale
may be made at any time or place to which the sale may be so adjourned. To the
extent permitted by any such requirement of law, the Collateral Agent may bid
for and become the purchaser of the Collateral or any item thereof, offered for
sale in accordance with this Section without accountability to the relevant
Assignor. If, under mandatory requirements of applicable law, the Collateral
Agent shall be required to make disposition of the Collateral within a period of
time which does not permit the giving of notice to the relevant Assignor as
hereinabove specified, the Collateral Agent need give such Assignor only such
notice of disposition as shall be reasonably practicable in view of such
mandatory requirements of applicable law. Each Assignor agrees to do or cause to
be done all such other acts and things as may be reasonably necessary to make
such sale or sales of all or any portion of the Collateral valid and binding and
in compliance with any and all applicable laws, regulations, orders, writs,
injunctions, decrees or awards of any and all courts, arbitrators or
governmental
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instrumentalities, domestic or foreign, having jurisdiction over any such sale
or sales, all at such Assignor's expense.
7.3 Waiver of Claims. Except as otherwise provided in
this Agreement, EACH ASSIGNOR HEREBY WAIVES, TO THE EXTENT PERMITTED BY
APPLICABLE LAW, NOTICE AND JUDICIAL HEARING IN CONNECTION WITH THE COLLATERAL
AGENT'S TAKING POSSESSION OR THE COLLATERAL AGENT'S DISPOSITION OF ANY OF THE
COLLATERAL, INCLUDING, WITHOUT LIMITATION, ANY AND ALL PRIOR NOTICE AND HEARING
FOR ANY PREJUDGEMENT REMEDY OR REMEDIES, and each Assignor hereby further
waives, to the extent permitted by law:
(i) all damages occasioned by such taking of possession
except any damages which are the direct result of the Collateral
Agent's gross negligence or willful misconduct (as determined by a
court of competent jurisdiction in a final and non-appealable
decision);
(ii) all other requirements as to the time, place and
terms of sale or other requirements with respect to the enforcement of
the Collateral Agent's rights hereunder; and
(iii) all rights of redemption, appraisal, valuation, stay,
extension or moratorium now or hereafter in force under any applicable
law in order to prevent or delay the enforcement of this Agreement or
the absolute sale of the Collateral or any portion thereof, and each
Assignor, for itself and all who may claim under it, insofar as it or
they now or hereafter lawfully may, hereby waives the benefit of all
such laws.
Any sale of, or the grant of options to purchase, or any other realization upon,
any Collateral shall operate to divest all right, title, interest, claim and
demand, either at law or in equity, of the relevant Assignor therein and
thereto, and shall be a perpetual bar both at law and in equity against such
Assignor and against any and all Persons claiming or attempting to claim the
Collateral so sold, optioned or realized upon, or any part thereof, from,
through and under such Assignor.
7.4 Application of Proceeds. (a) All monies collected by
the Collateral Agent upon any sale or other disposition of the Collateral of
each Assignor, together with all other monies received by the Collateral Agent
hereunder (except to the extent released in accordance with the applicable
provisions of this Agreement or to the extent such monies are held in one or
more of the Cash Collateral Accounts pending the application thereof in
accordance with the requirements of this Agreement or any permitted release
thereof in accordance with the provisions of this Agreement or the Credit
Agreement), shall be applied as follows:
(i) first, to the payment of all amounts owing the Collateral
Agent of the type described in clauses (iii) and (iv) of the definition of
"Obligations";
(ii) second, to the extent proceeds remain after the application
pursuant to the preceding clause (i), an amount equal to the outstanding Primary
Obligations shall be paid to the
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Secured Creditors as provided in Section 7.4(e) hereof, with each Secured
Creditor receiving an amount equal to such outstanding Primary Obligations or,
if the proceeds are insufficient to pay in full all such Primary Obligations,
its Pro Rata Share of the amount remaining to be distributed;
(iii) third, to the extent proceeds remain after the application
pursuant to the preceding clauses (i) and (ii), an amount equal to the
outstanding Secondary Obligations shall be paid to the Secured Creditors as
provided in Section 7.4(e) hereof, with each Secured Creditor receiving an
amount equal to its outstanding Secondary Obligations or, if the proceeds are
insufficient to pay in full all such Secondary Obligations, its Pro Rata Share
of the amount remaining to be distributed; and
(iv) fourth, to the extent proceeds remain after the application
pursuant to the preceding clauses (i) through (iii), inclusive, and following
the termination of this Agreement pursuant to Section 10.8(a) hereof, to the
relevant Assignor or to whomever may be lawfully entitled to receive such
surplus.
(b) For purposes of this Agreement (x) "Pro Rata Share" shall
mean, when calculating a Secured Creditor's portion of any distribution or
amount, that amount (expressed as a percentage) equal to a fraction the
numerator of which is the then unpaid amount of such Secured Creditor's Primary
Obligations or Secondary Obligations, as the case may be, and the denominator of
which is the then outstanding amount of all Primary Obligations or Secondary
Obligations, as the case may be, (y) "Primary Obligations" shall mean (i) in the
case of the Credit Document Obligations, all principal of, and interest on, all
Loans, all Unpaid Drawings and all Fees and (ii) in the case of the Interest
Rate Protection Obligations, all amounts due under such Interest Rate Protection
Agreements Interest Rate Protection (other than indemnities, fees (including,
without limitation, attorneys' fees) and similar obligations and liabilities)
and (z) "Secondary Obligations" shall mean all Obligations other than Primary
Obligations.
(c) When payments to Secured Creditors are based upon their
respective Pro Rata Shares, the amounts received by such Secured Creditors
hereunder shall be applied (for purposes of making determinations under this
Section 7.4 only) (i) first, to their Primary Obligations and (ii) second, to
their Secondary Obligations. If any payment to any Secured Creditor of its Pro
Rata Share of any distribution would result in overpayment to such Secured
Creditor, such excess amount shall instead be distributed in respect of the
unpaid Primary Obligations or Secondary Obligations, as the case may be, of the
other Secured Creditors, with each Secured Creditor whose Primary Obligations or
Secondary Obligations, as the case may be, have not been paid in full to receive
an amount equal to such excess amount multiplied by a fraction the numerator of
which is the unpaid Primary Obligations or Secondary Obligations, as the case
may be, of such Secured Creditor and the denominator of which is the unpaid
Primary Obligations or Secondary Obligations, as the case may be, of all Secured
Creditors entitled to such distribution.
(d) Each of the Secured Creditors, by their acceptance of the
benefits hereof, agrees and acknowledges that if the Lender Creditors are to
receive a distribution on account of undrawn amounts with respect to Letters of
Credit issued under the Credit Agreement (which
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shall only occur after all outstanding Loans and Unpaid Drawings with respect to
such Letters of Credit have been paid in full), such amounts shall be paid to
the Administrative Agent under the Credit Agreement and held by it, for the
equal and ratable benefit of the Lender Creditors, as cash security for the
repayment of Obligations owing to the Lender Creditors as such. If any amounts
are held as cash security pursuant to the immediately preceding sentence, then
upon the termination of all outstanding Letters of Credit, and after the
application of all such cash security to the repayment of all Obligations owing
to the Lender Creditors after giving effect to the termination of all such
Letters of Credit, if there remains any excess cash, such excess cash shall be
returned by the Administrative Agent to the Collateral Agent for distribution in
accordance with Section 7.4(a) hereof.
(e) All payments required to be made hereunder shall be made (x)
if to the Lender Creditors, to the Administrative Agent under the Credit
Agreement for the account of the Lender Creditors, and (y) if to the Interest
Rate Protection Creditors, to the trustee, paying agent or other similar
representative (each a "Representative") for the Interest Rate Protection
Creditors or, in the absence of such a Representative, directly to the Interest
Rate Protection Creditors.
(f) For purposes of applying payments received in accordance with
this Section 7.4, the Collateral Agent shall be entitled to rely upon (i) the
Administrative Agent under the Credit Agreement and (ii) the Representative for
the Interest Rate Protection Creditors or, in the absence of such a
Representative, upon the Interest Rate Protection Creditors for a determination
(which the Administrative Agent, each Representative for any Interest Rate
Protection Creditors and the Secured Creditors agree (or shall agree) to provide
upon request of the Collateral Agent) of the outstanding Primary Obligations and
Secondary Obligations owed to the Lender Creditors or the Interest Rate
Protection Creditors, as the case may be. Unless it has actual knowledge
(including by way of written notice from a Lender Creditor or an Interest Rate
Protection Creditor) to the contrary, the Administrative Agent and each
Representative, in furnishing information pursuant to the preceding sentence,
and the Collateral Agent, in acting hereunder, shall be entitled to assume that
no Secondary Obligations are outstanding. Unless it has actual knowledge
(including by way of written notice from an Interest Rate Protection Creditor)
to the contrary, the Collateral Agent, in acting hereunder, shall be entitled to
assume that no Interest Rate Protection Agreements are in existence.
(g) It is understood that the Assignors shall remain jointly and
severally liable to the extent of any deficiency between the amount of the
proceeds of the Collateral assigned by it hereunder and the aggregate amount of
the Obligations of such Assignor.
7.5 Remedies Cumulative. Each and every right, power and remedy
hereby specifically given to the Collateral Agent shall be in addition to every
other right, power and remedy specifically given under this Agreement, the other
Secured Debt Agreements or now or hereafter existing at law, in equity or by
statute and each and every right, power and remedy whether specifically herein
given or otherwise existing may be exercised from time to time or simultaneously
and as often and in such order as may be deemed expedient by the Collateral
Agent. All such rights, powers and remedies shall be cumulative and the exercise
or the
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beginning of the exercise of one shall not be deemed a waiver of the right to
exercise any other or others. No delay or omission of the Collateral Agent in
the exercise of any such right, power or remedy and no renewal or extension of
any of the Obligations shall impair any such right, power or remedy or shall be
construed to be a waiver of any Default or Event of Default or an acquiescence
therein. No notice to or demand on any Assignor in any case shall entitle it to
any other or further notice or demand in similar or other circumstances or
constitute a waiver of any of the rights of the Collateral Agent to any other or
further action in any circumstances without notice or demand. In the event that
the Collateral Agent shall bring any suit to enforce any of its rights hereunder
and shall be entitled to judgment, then in such suit the Collateral Agent may
recover reasonable expenses, including reasonable attorneys' fees, and the
amounts thereof shall be included in such judgment.
7.6 Discontinuance of Proceedings. In case the Collateral Agent
shall have instituted any proceeding to enforce any right, power or remedy under
this Agreement by foreclosure, sale, entry or otherwise, and such proceeding
shall have been discontinued or abandoned for any reason or shall have been
determined adversely to the Collateral Agent, then and in every such case the
relevant Assignor, the Collateral Agent and each holder of any of the
Obligations shall be restored to their former positions and rights hereunder
with respect to the Collateral subject to the security interest created under
this Agreement, and all rights, remedies and powers of the Collateral Agent
shall continue as if no such proceeding had been instituted.
ARTICLE VIII
INDEMNITY
8.1 Indemnity. (a) Each Assignor jointly and severally agrees to
indemnify, reimburse and hold harmless (i) the Collateral Agent and the
Administrative Agent for any and all reasonable out-of-pocket costs and expenses
(including, without limitation, the reasonable fees and expenses of counsel to
the Administrative Agent and the Collateral Agent) in connection with the
administration of this Agreement and the documents and instruments referred to
herein and any amendment, waiver or consent relating hereto or thereto, and (ii)
the Collateral Agent, each other Secured Creditor and their respective
successors, permitted assigns, employees, agents and servants (hereinafter in
this Section 8.1 referred to individually as "Indemnitee," and collectively as
"Indemnitees") harmless from any and all liabilities, obligations, damages,
injuries, penalties, claims, demands, actions, suits, judgments and any and all
costs, expenses or disbursements (including reasonable attorneys' fees and
expenses) (for the purposes of this Section 8.1 the foregoing are collectively
called "expenses") of whatsoever kind and nature imposed on, asserted against or
incurred by any of the Indemnitees in any way relating to or arising out of this
Agreement, any other Secured Debt Agreement or any other document executed in
connection herewith or therewith or in any other way connected with the
transactions contemplated hereby or thereby or the enforcement of any of the
terms of, or the preservation of any rights under any thereof, or in any way
relating to or arising out of the manufacture, ownership, ordering, purchase,
delivery, control, acceptance, lease, financing, possession, operation,
condition, sale, return or other disposition, or use of the Collateral
(including, without limitation, latent or other defects, whether or not
discoverable), the violation of the laws of any
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country, state or other governmental body or unit, any tort (including, without
limitation, claims arising or imposed under the doctrine of strict liability, or
for or on account of injury to or the death of any Person (including any
Indemnitee), or property damage), or contract claim; provided that no Indemnitee
shall be indemnified pursuant to this Section 8.1(a) for losses, damages or
liabilities to the extent caused by the gross negligence or willful misconduct
of such Indemnitee (as determined by a court of competent jurisdiction in a
final and non-appealable decision). Each Assignor agrees that upon written
notice by any Indemnitee of the assertion of such a liability, obligation,
damage, injury, penalty, claim, demand, action, suit or judgment, the relevant
Assignor shall assume full responsibility for the defense thereof. Each
Indemnitee agrees to use its best efforts to promptly notify the relevant
Assignor of any such assertion of which such Indemnitee has knowledge.
(b) Without limiting the application of Section 8.1(a) hereof,
each Assignor agrees, jointly and severally, to pay, or reimburse the Collateral
Agent for any and all reasonable fees, costs and expenses of whatever kind or
nature incurred in connection with the creation, preservation or protection of
the Collateral Agent's Liens on, and security interest in, the Collateral,
including, without limitation, all fees and taxes in connection with the
recording or filing of instruments and documents in public offices, payment or
discharge of any taxes or Liens upon or in respect of the Collateral, premiums
for insurance with respect to the Collateral and all other fees, costs and
expenses in connection with protecting, maintaining or preserving the Collateral
and the Collateral Agent's interest therein, whether through judicial
proceedings or otherwise, or in defending or prosecuting any actions, suits or
proceedings arising out of or relating to the Collateral.
(c) Without limiting the application of Section 8.1(a) or (b)
hereof, each Assignor agrees, jointly and severally, to pay, indemnify and hold
each Indemnitee harmless from and against any loss, costs, damages and expenses
which such Indemnitee may suffer, expend or incur in consequence of or growing
out of any misrepresentation by any Assignor in this Agreement, any other
Secured Debt Agreement or in any writing contemplated by or made or delivered
pursuant to or in connection with this Agreement or any other Secured Debt
Agreement.
(d) If and to the extent that the obligations of any Assignor
under this Section 8.1 are unenforceable for any reason, such Assignor hereby
agrees to make the maximum contribution to the payment and satisfaction of such
obligations which is permissible under applicable law.
8.2 Indemnity Obligations Secured by Collateral; Survival. Any
amounts paid by any Indemnitee as to which such Indemnitee has the right to
reimbursement shall constitute Obligations secured by the Collateral. The
indemnity obligations of each Assignor contained in this Article VIII shall
continue in full force and effect notwithstanding the full payment of all of the
other Obligations and notwithstanding the full payment of all the Notes issued
under the Credit Agreement, the termination of all Interest Rate Protection
Agreements and all Letters of Credit and the payment of all other Obligations
and notwithstanding the discharge thereof but shall not thereafter be secured by
any security interest granted hereby.
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ARTICLE IX
DEFINITIONS
Unless otherwise defined herein, all capitalized terms used herein and
defined in the Credit Agreement shall be used herein as therein defined. Such
definitions shall be equally applicable to the singular and plural forms of the
terms defined.
"Administrative Agent" shall have the meaning provided in the recitals
of this Agreement.
"Agreement" shall mean this Security Agreement as the same may be
modified, supplemented, restated and/or amended from time to time in accordance
with its terms.
"Aircraft Lease" means that certain Aircraft Lease Agreement, dated as
of March 2, 2000, by and between General Electric Capital Corporation and Flower
Foods, Inc., successor to Flowers Industries, Inc., as in effect on March 26,
2001.
"Assignor" shall have the meaning provided in the first paragraph of
this Agreement.
"Borrower" shall have the meaning provided in the recitals of this
Agreement.
"Cash Collateral Account" shall mean a cash collateral account
maintained with, and in the sole dominion and control of, the Collateral Agent
for the benefit of the Secured Creditors.
"Chattel Paper" shall have the meaning provided in the Uniform
Commercial Code as in effect on the date hereof in the State of New York.
"Class" shall have the meaning provided in Section 10.2 of this
Agreement.
"Collateral" shall have the meaning provided in Section 1.1(a) of this
Agreement.
"Collateral Agent" shall have the meaning provided in the first
paragraph of this Agreement.
"Contract Rights" shall mean all rights of any Assignor under each
Contract, including, without limitation, (i) any and all rights to receive and
demand payments under any or all Contracts, (ii) any and all rights to receive
and compel performance under any or all Contracts and (iii) any and all other
rights, interests and claims now existing or in the future arising in connection
with any or all Contracts.
"Contracts" shall mean all contracts between any Assignor and one or
more additional parties (including, without limitation, any Interest Rate
Protection Agreements or Other Hedging Agreements and any partnership
agreements, joint venture agreements and limited liability company agreements).
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"Copyrights" shall mean any United States or foreign copyright now or
hereafter owned by any Assignor, including any registrations of any Copyrights,
in the United States Copyright Office or any foreign equivalent office, as well
as any application for a copyright registration now or hereafter made with the
United States Copyright Office or any foreign equivalent office by any Assignor.
"Credit Agreement" shall have the meaning provided in the recitals of
this Agreement.
"Credit Document Obligations" shall have the meaning provided in the
definition of "Obligations" in this Article IX.
"Default" shall mean any event which, with notice or lapse of time, or
both, would constitute an Event of Default.
"Distributor" means a Person or Persons (other than the Borrower and
its Subsidiaries) party to a Distributor's Agreement pursuant to which such
Person or Persons agree to distribute the Borrower's and its Subsidiaries'
products in a specified geographic area.
"Distributor Loans" shall mean any loan advanced to one or more
Distributors by the Borrower or any of the Subsidiaries or otherwise payable to
the Borrower or any of its Subsidiaries regardless of whether the Borrower or
such Subsidiary originally advanced such loan.
"Distributor Note" shall mean any promissory note executed by a
Distributor and evidencing Distributor Loans.
"Distributor's Agreements" means the contractual arrangements between
the Borrower or any of its Subsidiaries with their respective distributors,
whereby such distributors agree to distribute the Borrower's and its
Subsidiaries' products in a specified geographic area and the Borrower and/or
its Subsidiaries agree to provide such distributors with products and other
services, including certain proprietary administrative services.
"Documentation Agent" shall have the meaning provided in the recitals
of this Agreement.
"Documents" shall have the meaning provided in the Uniform Commercial
Code as in effect on the date hereof in the State of New York.
"Equipment" shall mean any "equipment," as such term is defined in the
Uniform Commercial Code as in effect on the date hereof in the State of New
York, now or hereafter owned by any Assignor and, in any event, shall include,
but shall not be limited to, all machinery, equipment, furnishings, fixtures and
vehicles now or hereafter owned by any Assignor and any and all additions,
substitutions and replacements of any of the foregoing, wherever located,
together with all attachments, components, parts, equipment and accessories
installed thereon or affixed thereto.
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"Event of Default" shall mean (i) any "Event of Default" under, and as
defined in, the Credit Agreement or, if the related Obligations are secured
hereunder at such time, the Amended Distributor Note Documents or (ii) any
payment default under any Interest Rate Protection Agreement continuing after
any applicable grace period.
"Excluded Assets" shall mean and include (i) the "Equipment" as defined
in the Lease Program Documents to the extent, and for so long as, such Lease
Program Documents prohibit the granting (other than to the lessor) of a security
interest therein; (ii) the "Aircraft" as defined in the Aircraft Lease to the
extent, and for so long as, such Aircraft Lease prohibits the granting (other
than to the lessor) of a security interest therein; (iii) any assets subject to
the Liens described on Schedule V to the Credit Agreement, to the extent, and
for so long as, the underlying security and lease documents prohibit the
granting of a security interest therein; (iv) any Contract (other than any
Distributor's Agreement) to the extent that, and for so long as, the terms
thereof prohibit (after giving effect to any approvals or waivers) the
assignment of, or granting a security interest in, such Contract (it being
understood and agreed, however, that notwithstanding the foregoing, all rights
to payment for money due or to become due pursuant to any such excluded contract
shall be subject to the security interests created by this Agreement); (v) the
Excluded Mexico Assets; and (vi) Margin Stock from time to time owned by any
Assignor, so long as the aggregate fair market value thereof does not at any
time exceed $1,000,000 and all such Margin Stock is acquired by the Borrower and
its Subsidiaries in accordance with the terms of the Credit Agreement
(including, without limitation, Sections 7.08, 8.14 and 9.05 thereof).
"General Intangibles" shall have the meaning provided in the Uniform
Commercial Code as in effect on the date hereof in the State of New York (and
shall include all partnership interests and all limited liability company and
membership interests).
"Goods" shall have the meaning provided in the Uniform Commercial Code
as in effect on the date hereof in the State of New York.
"Governmental Authorizations" shall mean all licenses, certificates,
registrations and authorizations issued by any governmental entity (domestic and
foreign) necessary to operate any Assignor's business.
"Indemnitee" shall have the meaning provided in Section 8.1 of this
Agreement.
"Instrument" shall have the meaning provided in the Uniform Commercial
Code as in effect on the date hereof in the State of New York.
"Interest Rate Protection Agreement" shall mean any interest rate swap
agreement, interest rate cap agreement, interest collar agreement, interest rate
hedging agreement, interest rate floor agreement or other similar agreement or
arrangement.
"Interest Rate Protection Creditors" shall have the meaning provided in
the recitals of this Agreement.
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"Interest Rate Protection Obligations" shall have the meaning provided
in the definition of "Obligations" in this Article IX.
"Inventory" shall mean merchandise, inventory and goods, and all
additions, substitutions and replacements thereof, wherever located, together
with all goods, supplies, incidentals, packaging materials, labels, materials
and any other items used or usable in manufacturing, processing, packaging or
shipping same, in all stages of production -- from raw materials through
work-in-process to finished goods -- and all products and proceeds of whatever
sort and wherever located and any portion thereof which may be returned,
rejected, reclaimed or repossessed by the Collateral Agent from any Assignor's
customers, and shall specifically include all "inventory" as such term is
defined in the Uniform Commercial Code as in effect on the date hereof in the
State of New York, now or hereafter owned by any Assignor.
"Investment Property" shall have the meaning provided in the Uniform
Commercial Code as in effect on the date hereof in the State of New York.
"Lender Creditors" shall have the meaning provided in the recitals of
this Agreement.
"Lenders" shall have the meaning provided in the recitals of this
Agreement.
"Liens" shall mean any security interest, mortgage, pledge, lien,
claim, charge, encumbrance, title retention agreement, lessor's interest in a
capitalized lease or analogous instrument, in, of, or on any Assignor's
property.
"Marks" shall mean all right, title and interest in and to any
trademarks, service marks and trade names now held or hereafter acquired by any
Assignor, including any registration or application for registration of any
trademarks and service marks now held or hereafter acquired by an Assignor,
which are registered in the United States Patent and Trademark Office or in any
equivalent foreign office; as well as any unregistered marks used by any
Assignor and any trade dress including logos, designs, company names, business
names, fictitious business names and other business identifiers used by any
Assignor.
"Obligations" shall mean:
(i) the full and prompt payment when due (whether at the stated
maturity, by acceleration or otherwise) of all obligations (including
obligations which, but for the automatic stay under Section 362(a) of the
Bankruptcy Code, would become due) and liabilities (including, without
limitation, indemnities, Fees and interest (including, without limitation, all
interest that accrues after the commencement of any case, proceeding or other
action relating to the bankruptcy, insolvency, reorganization or similar
proceeding of any Assignor at the rate provided for in the respective
documentation, whether or not a claim for post-petition interest is allowed in
any such proceeding) thereon) owing by such Assignor to the Lender Creditors,
now existing or hereafter incurred under, arising out of or in connection with
the Credit Agreement and the other Credit Documents to which it is at any time a
party (including, without limitation, all such obligations and liabilities of
such Assignor under the Subsidiaries Guaranty) and the due per-
335
Exhibit I
Page 24
formance and compliance by such Assignor with the terms of each such Credit
Document (all such obligations and liabilities under this clause (i) being
herein collectively called the "Credit Document Obligations");
(ii) the full and prompt payment when due (whether at the stated
maturity, by acceleration or otherwise) of all obligations (including
obligations which, but for the automatic stay under Section 362(a) of the
Bankruptcy Code, would become due) and liabilities (including, without
limitation, all interest that accrues after the commencement of any case,
proceeding or other action relating to the bankruptcy, insolvency,
reorganization or similar proceeding of any Assignor at the rate provided for in
the respective documentation, whether or not a claim for post-petition interest
is allowed in any such proceeding) owing by such Assignor to the Interest Rate
Protection Creditors, now existing or hereafter incurred under, arising out of
or in connection with any Interest Rate Protection Agreement (including, without
limitation, all such obligations and liabilities of such Assignor under the
Subsidiaries Guaranty) and the due performance and compliance by such Assignor
with the terms of each such Interest Rate Protection Agreement (all such
obligations and liabilities under this clause (ii) being herein collectively
called the "Interest Rate Protection Obligations");
(iii) any and all sums advanced by the Collateral Agent in order to
preserve the Collateral or preserve its security interest in the Collateral;
(iv) in the event of any proceeding for the collection or
enforcement of any indebtedness, obligations, or liabilities referred to in
clauses (i) through (iii) above, following the occurrence and during the
continuance of an Event of Default, the reasonable expenses of retaking,
holding, preparing for sale or lease, selling or otherwise disposing of or
realizing on the Collateral, or of any exercise by the Collateral Agent of its
rights hereunder, together with reasonable attorneys' fees and court costs; and
(v) all amounts paid by any Indemnitee as to which such Indemnitee
has the right to reimbursement under Section 8.1 of this Agreement; it being
acknowledged and agreed that the "Obligations" shall include extensions of
credit of the types described above, whether outstanding on the date of this
Agreement or extended from time to time after the date of this Agreement.
"Patents" shall mean any patent to which any Assignor now or hereafter
has right, title and interest therein, and any divisions, continuations
(including, but not limited to, continuations-in-parts) and improvements
thereof, as well as any application for a patent now or hereafter made by any
Assignor.
"Permits" shall mean, to the extent permitted to be assigned by the
terms thereof or by applicable law, all licenses, permits, rights, orders,
variances, franchises or authorizations (including Governmental Authorizations)
of or from any governmental authority or agency.
"Proceeds" shall have the meaning provided in the Uniform Commercial
Code as in effect in the State of New York on the date hereof or under other
relevant law and, in any event, shall include, but not be limited to, (i) any
and all proceeds of any insurance, indemnity,
336
Exhibit I
Page 25
warranty or guaranty payable to the Collateral Agent or any Assignor from time
to time with respect to any of the Collateral, (ii) any and all payments (in any
form whatsoever) made or due and payable to any Assignor from time to time in
connection with any requisition, confiscation, condemnation, seizure or
forfeiture of all or any part of the Collateral by any governmental authority
(or any person acting under color of governmental authority) and (iii) any and
all other amounts from time to time paid or payable under or in connection with
any of the Collateral.
"Receivables" shall mean any "account" as such term is defined in the
Uniform Commercial Code as in effect on the date hereof in the State of New
York, now or hereafter owned by any Assignor and, in any event, shall include,
but shall not be limited to, all of such Assignor's rights to payment for goods
sold or leased or services performed by such Assignor, whether now in existence
or arising from time to time hereafter, including, without limitation, rights
evidenced by an account, note, contract, security agreement, chattel paper, or
other evidence of indebtedness or security, together with (a) all security
pledged, assigned, hypothecated or granted to or held by such Assignor to secure
the foregoing, (b) all of any Assignor's right, title and interest in and to any
goods, the sale of which gave rise thereto, (c) all guarantees, endorsements and
indemnifications on, or of, any of the foregoing, (d) all powers of attorney for
the execution of any evidence of indebtedness or security or other writing in
connection therewith, (e) all books, records, ledger cards, and invoices
relating thereto, (f) all evidences of the filing of financing statements and
other statements and the registration of other instruments in connection
therewith and amendments thereto, notices to other creditors or secured parties,
and certificates from filing or other registration officers, (g) all credit
information, reports and memoranda relating thereto and (h) all other writings
related in any way to the foregoing.
"Required Lenders" has the meaning given such term in the Credit
Agreement.
"Representatives" shall have the meaning provided in Section 7.4(e) of
this Agreement.
"Required Secured Creditors" shall mean (i) the Required Lenders (or,
to the extent required by Section 13.12 of the Credit Agreement, each of the
Lenders) under the Credit Agreement so long as any Credit Document Obligations
remain outstanding and (ii) in any situation not covered by the preceding clause
(i), the holders of a majority of the outstanding principal amount of the
Interest Rate Protection Obligations.
"Requisite Creditors" shall have the meaning provided in Section 10.2
of this Agreement.
"Secured Creditors" shall have the meaning provided in the recitals of
this Agreement.
"Secured Debt Agreements" shall mean and include this Agreement, the
Credit Agreement, any other Credit Documents, and any Interest Rate Protection
Agreement.
337
Exhibit I
Page 26
"Termination Date" shall have the meaning provided in Section 10.8 of
this Agreement.
"Trade Secrets" means any secretly held existing engineering and other
data, information, production procedures and other know-how relating to the
design, manufacture, assembly, installation, use, operation, marketing, sale and
servicing of any products or business of an Assignor worldwide whether written
or not written.
"Trade Secret Rights" shall have the meaning provided in Section 5.1 of
this Agreement.
"UCC" shall mean the Uniform Commercial Code as in effect from time to
time in the relevant jurisdiction.
"United States" and "U.S." shall each mean the United States of
America.
ARTICLE X
MISCELLANEOUS
10.1 Notice. Except as otherwise specified herein, all notices,
requests, demands or other communications to or upon the respective parties
hereto shall be deemed to have been duly given or made when delivered to the
party to which such notice, request, demand or other communication is required
or permitted to be given or made under this Agreement, addressed as follows:
(a) if to any Assignor, at:
c/o Flowers Foods, Inc.
0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
Attention: Xxxx Xxxxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
(b) if to the Collateral Agent, at:
Bankers Trust Company
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxx
Telephone No.: (000) 000-0000
Telecopier No.: (000) 000-0000
(c) if to any Lender Creditor (other than the Collateral Agent),
(x) to the Administrative Agent, at the address of the Administrative Agent
specified in the Credit
338
Exhibit I
Page 27
Agreement or (y) at such address as such Lender Creditor shall have specified in
the Credit Agreement;
(d) if to any Interest Rate Protection Creditor, at such address
as such Interest Rate Protection Creditor shall have specified in writing to the
Borrower and the Collateral Agent; or at such other address as shall have been
furnished in writing by any Person described above to the party required to give
notice hereunder.
10.2 Waiver; Amendment. Except as contemplated in Section 10.13
hereof, none of the terms and conditions of this Agreement may be changed,
waived, discharged or terminated in any manner whatsoever except in writing duly
signed by each Assignor directly effected thereby and the Collateral Agent (with
the written consent of the Required Secured Creditors); provided, however, that
any change, waiver, modification or variance affecting the rights and benefits
of a single Class of Secured Creditors (and not all Secured Creditors in a like
or similar manner) shall require the written consent of the Requisite Creditors
of such affected Class. For the purpose of this Agreement, the term "Class"
shall mean each class of Secured Creditors, i.e., whether (x) the Lender
Creditors as holders of the Credit Document Obligations or (y) the Interest Rate
Protection Creditors as the holders of the Interest Rate Protection Obligations.
For the purpose of this Agreement, the term "Requisite Creditors" of any Class
shall mean each of (x) with respect to the Credit Document Obligations, the
Required Lenders and (y) with respect to the Interest Rate Protection
Obligations, the holders of at least a majority of all obligations outstanding
from time to time under the respective Interest Rate Protection Agreements.
10.3 Obligations Absolute. The obligations of each Assignor
hereunder shall remain in full force and effect without regard to, and shall not
be impaired by, (a) any bankruptcy, insolvency, reorganization, arrangement,
readjustment, composition, liquidation or the like of such Assignor; (b) any
exercise or non-exercise, or any waiver of, any right, remedy, power or
privilege under or in respect of this Agreement or any other Secured Debt
Agreement; or (c) any amendment to or modification of any Secured Debt Agreement
or any security for any of the Obligations; whether or not such Assignor shall
have notice or knowledge of any of the foregoing.
10.4 Successors and Assigns. This Agreement shall be binding upon
each Assignor and its successors and assigns (although no Assignor may assign
its rights and obligations hereunder except in accordance with the provisions of
the Secured Debt Agreements) and shall inure to the benefit of the Collateral
Agent and the Secured Creditors and their respective successors and assigns. All
agreements, statements, representations and warranties made by each Assignor
herein or in any certificate or other instrument delivered by such Assignor or
on its behalf under this Agreement shall be considered to have been relied upon
by the Secured Creditors and shall survive the execution and delivery of this
Agreement and the other Secured Debt Agreements regardless of any investigation
made by the Secured Creditors or on their behalf.
339
Exhibit I
Page 28
10.5 Headings Descriptive. The headings of the several sections of
this Agreement are inserted for convenience only and shall not in any way affect
the meaning or construction of any provision of this Agreement.
10.6 Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED
BY THE LAW OF THE STATE OF NEW YORK.
10.7 Assignor's Duties. It is expressly agreed, anything herein
contained to the contrary notwithstanding, that each Assignor shall remain
liable to perform all of the obligations, if any, assumed by it with respect to
the Collateral and the Collateral Agent shall not have any obligations or
liabilities with respect to any Collateral by reason of or arising out of this
Agreement, nor shall the Collateral Agent be required or obligated in any manner
to perform or fulfill any of the obligations of any Assignor under or with
respect to any Collateral.
10.8 Termination; Release. (a) After the Termination Date, this
Agreement shall terminate (provided that all indemnities set forth herein
including, without limitation, in Section 8.1 hereof shall survive such
termination) and the Collateral Agent, at the request and expense of the
respective Assignor, will promptly execute and deliver to such Assignor a proper
instrument or instruments (including Uniform Commercial Code termination
statements on form UCC-3) acknowledging the satisfaction and termination of this
Agreement, will terminate such control agreements or similar agreements with
respect to the Collateral as may then exist, and will duly assign, transfer and
deliver to such Assignor (without recourse and without any representation or
warranty) such of the Collateral as may be in the possession of the Collateral
Agent and as has not theretofore been sold or otherwise applied or released
pursuant to this Agreement. As used in this Agreement, "Termination Date" shall
mean the date upon which the total commitments to provide extensions of credit
under all Secured Debt Agreements have terminated and all Loans have been repaid
in full, all Letters of Credit have been terminated, all extensions of credit
pursuant to any Interest Rate Protection Agreements have been repaid in full and
all Obligations (other than arising from indemnities for which no request has
been made) have been paid in full.
(b) So long as no Trigger Event has occurred and is continuing, in
the event that any part of the Collateral is sold or otherwise disposed of in
connection with a sale or disposition permitted by the Credit Agreement (other
than a sale to any Assignor or a Subsidiary thereof) or otherwise released at
the direction of the Required Secured Creditors and the proceeds of such sale or
disposition (or from such release) are applied in accordance with the provisions
of the Credit Agreement, to the extent required to be so applied, such
Collateral will be sold free and clear of the Liens created by this Agreement
and the Collateral Agent, at the request and expense of the relevant Assignor,
will duly assign, transfer and deliver to such Assignor (without recourse and
without any representation or warranty) such of the Collateral as is then being
(or has been) so sold or released and as may be in the possession of the
Collateral Agent and has not theretofore been released pursuant to this
Agreement and, to the extent requested by such
340
Exhibit I
Page 29
Assignor, deliver, at such Assignor's expense, appropriate UCC termination
statements and instruments of satisfaction, discharge and or reconveyance, as
the case may be.
(c) At any time that an Assignor desires that the Collateral Agent
take any action to acknowledge or give effect to any release of Collateral
pursuant to the foregoing Section 10.8(a) or (b), such Assignor shall deliver to
the Collateral Agent a certificate signed by a principal executive officer of
such Assignor stating that the release of the respective Collateral is permitted
pursuant to Section 10.8(a) or (b) hereof, and the Collateral Agent shall be
entitled (but not required) to conclusively rely thereon. If reasonably
requested by the Collateral Agent (although the Collateral Agent shall have no
obligation to make any such request), the relevant Assignor shall furnish
appropriate legal opinions (from counsel reasonably acceptable to the Collateral
Agent) to the effect set forth in the immediately preceding sentence.
10.9 Counterparts. This Agreement may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A set of counterparts
executed by all the parties hereto shall be lodged with each Assignor and the
Collateral Agent.
10.10 Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.
10.11 The Collateral Agent. The Collateral Agent will hold in
accordance with this Agreement all items of the Collateral at any time received
under this Agreement. It is expressly understood and agreed that the obligations
of the Collateral Agent as holder of the Collateral and interests therein and
with respect to the disposition thereof, and otherwise under this Agreement, are
only those expressly set forth in this Agreement and in Section 12 of the Credit
Agreement. The Collateral Agent shall act hereunder and thereunder on the terms
and conditions set forth herein and in Section 12 of the Credit Agreement.
10.12 Benefit of Agreement. This Agreement shall be binding upon the
parties hereto and their respective successors and assigns and shall inure to
the benefit of and be enforceable by each of the parties hereto and its
successors and assigns.
10.13 Additional Assignors. It is understood and agreed that any
Subsidiary of the Borrower that is required to execute a counterpart of this
Agreement after the date hereof pursuant to the Credit Agreement shall become an
Assignor hereunder by (x) executing a counterpart hereof and/or a Subsidiary
assumption agreement, in each case in form and substance satisfactory to the
Collateral Agent, (y) delivering supplements to Annexes A through G hereto as
are necessary to cause such Annexes to be complete and accurate with respect to
such additional Assignor on such date and (z) taking all actions as specified in
this Agreement as would have been taken by such Assignor had it been an original
party to this Agreement, in each case with all documents required above to be
delivered to the Collateral Agent and with all
341
Exhibit I
Page 30
documents and actions required to be taken above to be taken to the reasonable
satisfaction of the Collateral Agent.
10.14 Release of Guarantors. In the event any Assignor which is a
Subsidiary of the Borrower is released from its obligations pursuant to the
Subsidiaries Guaranty, such Assignor (so long as not the Borrower) shall be
released from this Agreement and this Agreement shall, as to such Assignor only,
have no further force or effect.
* * *
342
Exhibit I
Page 31
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered by their duly authorized officers as of the date first
above written.
FLOWERS FOODS, INC.,
as an Assignor
By: /s/ Xxxxxx X. Xxxxx, Xx.
---------------------------------------
Title: Treasurer
FLOWERS BAKERIES BRANDS, INC.
FLOWERS FINANCE, LLC
FLOWERS BAKERIES, LLC
FLOWERS BAKING CO. OF FLORIDA, LLC
FLOWERS BAKING CO. OF MIAMI, LLC
FLOWERS BAKING CO. OF JACKSONVILLE, LLC
FLOWERS BAKING CO. OF BRADENTON, LLC
FLOWERS BAKING CO. OF THOMASVILLE, LLC
FLOWERS BAKING CO. OF VILLA RICA, LLC
FLOWERS BAKING CO. OF OPELIKA, LLC
XXXXXX'X BAKERY, LLC
HOME BAKING COMPANY, LLC
XXXXX BAKERY, LLC
BUNNY BREAD, LLC
FLOWERS BAKING CO. OF BATON ROUGE, LLC
FLOWERS BAKING CO. OF JAMESTOWN, LLC
FRANKLIN BAKING COMPANY, LLC
FLOWERS BAKING CO. OF LYNCHBURG, LLC
FLOWERS BAKING CO. OF NORFOLK, LLC
FLOWERS BAKING CO. OF MORRISTOWN, LLC
XXXXXX'X BAKERY, LLC
FLOWERS BAKING CO. OF WEST VIRGINIA, LLC
THE DONUT HOUSE, LLC
FLOWERS BAKING CO. OF TEXAS, LLC
FLOWERS BAKING CO. OF TYLER, LLC
BUTTERKRUST BAKERY, LLC
EL PASO BAKING CO., LLC
By: /s/ Xxxxxx X. Xxxxx, Xx.
---------------------------------
Title: Authorized Representative
SAN ANTONIO BAKING CO., LLC
AUSTIN BAKING CO., LLC
CORPUS CHRISTI BAKING CO., LLC
FLOWERS BAKING CO. OF TEXARKANA, LLC
HOLSUM BAKING COMPANY, LLC
XXXXXXX BAKING COMPANY, LLC
XXXXXX BAKING COMPANY, LLC
XXXXXX STREET BAKERY, LLC
TABLE PRIDE, LLC
FLOWERS BAKING CO. OF MEMPHIS, LLC
HAMPTON ROADS BAKING COMPANY, LLC
XXX. XXXXX'X BAKERIES, LLC
EUROPEAN BAKERS, LLC
XXXX XXXXX'X BAKERY, LLC
XXX-CO BAKERY, LLC
DANIEL'S HOME BAKERY OF NORTH CAROLINA, LLC
XXX. XXXXX'X BAKERIES SALES SUPPORT GROUP, LLC
XXX. XXXXX'X FOIL COMPANY, LLC
XXX. XXXXX'X BAKERIES FROZEN DISTRIBUTORS, LLC
XXX. XXXXX'X BAKERIES OF PENNSYLVANIA, LLC
FLOWERS SPECIALTY FOODS OF XXXXXXXXXX, LLC
FLOWERS BAKING COMPANY OF FOUNTAIN INN, LLC
FLOWERS FRESH BAKERY DISTRIBUTORS, INC.
XXX. XXXXX'X BAKERY OF LONDON, LLC
XXX. XXXXX'X BRANDS, INC.
XXX. XXXXX'X BAKERY OF STILWELL, LLC
XXX. XXXXX'X BAKERY OF SPARTANBURG, LLC
XXX. XXXXX'X BAKERY OF CROSSVILLE, LLC
XXX. XXXXX'X BAKERY OF SUWANEE, LLC
By: /s/ Xxxxxx X. Xxxxx, Xx.
------------------------------
Title: Authorized Representative
Accepted and Agreed to:
BANKERS TRUST COMPANY,
as Collateral Agent
By: /s/ Xxxxxxx X. Xxxxxxx
---------------------------
Title: Vice President
343
ANNEX A
SCHEDULE OF CHIEF EXECUTIVE OFFICES AND RECORD LOCATIONS
1. FLOWERS FOODS, INC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
2. FLOWERS BAKERIES BRANDS, INC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
3. FLOWERS BAKERIES, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
4. FLOWERS BAKING CO. OF FLORIDA, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
5. FLOWERS BAKING CO. OF MIAMI, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
00000 XX Xxxxx Xxxxx 00000 XX Xxxxx Xxxxx
Xxxxx, XX 00000 Xxxxx, XX 00000
6. FLOWERS BAKING CO. OF JACKSONVILLE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxx 00xx Xxxxxx 0000 Xxxx 00xx Xxxxxx
Xxxxxxxxxxxx, XX 00000 Xxxxxxxxxxxx, XX 00000
7. FLOWERS BAKING CO. OF BRADENTON, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxxx Xxxxx 0000 Xxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxx, XX 00000
8. FLOWERS BAKING CO. OF THOMASVILLE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxxxx Xxxxxx 000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
9. FLOWERS BAKING CO. OF VILLA RICA, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxx XxXxxx Xxxxx 000 Xxxxx XxXxxx Xxxxx
Xxxxx Xxxx, XX 00000 Xxxxx Xxxx, XX 00000
344
10. FLOWERS BAKING CO. OF OPELIKA, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxxxx Xxxxxx 000 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
11. XXXXXX'X BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 00xx Xxxxxx 000 00xx Xxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
12. HOME BAKING COMPANY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxx 00xx Xxxxxx 000 Xxxxx 00xx Xxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
13. XXXXX BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxx Xxxxxx Xxxxxx 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
14. BUNNY BREAD, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxx Xxxx 0000 Xxxxx Xxxx
Xxx Xxxxxxx, XX 00000 Xxx Xxxxxxx, XX 00000
15. FLOWERS BAKING CO. OF BATON ROUGE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxx. 0000 Xxxxxxx Xxxx.
Xxxxx Xxxxx, XX 00000 Xxxxx Xxxxx, XX 00000
16. FLOWERS BAKING CO. OF JAMESTOWN, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxx Xxxxxx 000 Xxxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
17. FRANKLIN BAKING COMPANY, LLC
Chief Executive Office: Office Location: Plant Location
----------------------- ---------------- --------------
000 Xxxxx Xxxxxxxx Xxxxxx 000 Xxxxx Xxxxxxxx Xxxxxx 000 X. Xxxxxxxx Xx.
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000 Xxxxxxx, XX 00000
18. FLOWERS BAKING CO. OF LYNCHBURG, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxx Xxxx 0000 Xxxxxxx Xxxx Xxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
345
19. FLOWERS BAKING CO. OF NORFOLK, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
20. FLOWERS BAKING CO. OF MORRISTOWN, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxx Xxxxx Xxxxx Xxxxxx 0000 Xxxx Xxxxx Xxxxx Xxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
21. XXXXXX'X BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxxxxx Xxxxxx 0000 Xxxxxxxxxx Xxxxxx
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
22. FLOWERS BAKING CO. OF WEST VIRGINIA, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxx Xxxxxxxx Xxxx 0000 Xxxx Xxxxxxxx Xxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
23. THE DONUT HOUSE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 XxXxxxxx Xxxxxx 0000 XxXxxxxx Xxxxxx
Xxxxx Xxxxxxxxxx, XX 00000 Xxxxx Xxxxxxxxxx, XX 00000
24. FLOWERS BAKING CO. OF TEXAS, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
25. FLOWERS BAKING CO. OF TYLER, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 X. Xxxxx Xxxxxx 0000 X. Xxxxx Xxxxxx
Xxxxx, XX 00000 Xxxxx, XX 00000
26. BUTTERKRUST BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 XX Xxxx 410 0000 XX Xxxx 000
Xxx Xxxxxxx, XX 00000 Xxx Xxxxxxx, XX 00000
27. EL PASO BAKING CO., LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxx Xxxxxx Xxxxxx 000 Xxxxx Xxxxxx Xxxxxx
Xx Xxxx, XX 00000 Xx Xxxx, XX 00000
346
28. EL PASO BAKING COMPANY DE MEXICO, S.A. DE C.V.
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxx Xxxxxx Xxxxxx 000 Xxxxx Xxxxxx Xxxxxx
Xx Xxxx, XX 00000 Xx Xxxx, XX 00000
29. SAN ANTONIO BAKING CO., LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
30. AUSTIN BAKING CO., LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
31. CORPUS CHRISTI BAKING CO., LLC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
32. FLOWERS BAKING CO. OF TEXARKANA, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
7 Xxx Xxxxxxx Drive 7 Xxx Xxxxxxx Drive
Texarkana, AR 71854 Xxxxxxxxx, XX 00000
33. HOLSUM BAKING COMPANY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxxxxxx Xxxxxx 000 Xxxxxxxxx Xxxxxx
Xxxx Xxxxx, Xxxxxxxx 00000 Xxxx Xxxxx, Xxxxxxxx 00000
34. XXXXXXX BAKING COMPANY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
00 Xxxxx 0xx Xxxxxx 00 Xxxxx 0xx Xxxxxx
Xxxx Xxxxx, XX 00000 Xxxx Xxxxx, XX 00000
35. XXXXXX BAKING COMPANY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
36. XXXXXX STREET BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxxx Xxxxxx XX 000 Xxxxxx Xxxxxx XX
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
347
37. TABLE PRIDE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
1940 Xxxx Xxxx Court 0000 Xxxx Xxxx Xxxxx
Xxxxxxxx, XX 00000 Xxxxxxxx, XX 00000
38. FLOWERS BAKING CO. OF MEMPHIS, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxx Xxxxxxx Xxxxxx 0000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
39. HAMPTON ROADS BAKING COMPANY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
40. XXX. XXXXX'X BAKERIES, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
41. EUROPEAN BAKERS, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxx Xxxxx Xxxxxxx Xxxxx 0000 Xxxxx Xxxxx Xxxxxxx Xxxxx
Xxxxxx, XX 00000 Xxxxxx, XX 00000
42. XXXX XXXXX'X BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxx Xxxxxx, XX 0000 Xxxxx Xxxxxx, XX
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
43. XXX-CO BAKERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxx Xxxxxxxx Xxxxx 000 Xxxx Xxxxxxxx Xxxxx
Xxxxxx Xxxx, XX 00000 Xxxxxx Xxxx, XX 00000
44. DANIEL'S HOME BAKERY OF NORTH CAROLINA,
LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxx Xxxxxx 000 Xxxxx Xxxxxx
Xxxxxxxx, XX 00000 Xxxxxxxx, XX 00000
45. XXX. XXXXX'X BAKERIES SALES SUPPORT GROUP,
LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
348
46. XXX. XXXXX'X FOIL COMPANY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxx Xxxxxx 000 Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
47. XXX. XXXXX'X BAKERIES FROZEN DISTRIBUTORS, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
48. XXX. XXXXX'X BAKERIES OF PENNSYLVANIA, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
49. FLOWERS SPECIALTY FOODS OF MONTGOMERY, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxxxx Xxxxxxx 000 Xxxxxx Xxxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
50. FLOWERS BAKING COMPANY OF FOUNTAIN INN, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
51. FLOWERS FRESH BAKERY DISTRIBUTORS, INC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxxx Xxxx 0000 Xxxxxxxx Xxxx
Xxxxxxxxxxxxx, XX 00000 Xxxxxxxxxxxxx, XX 00000
52. XXX. XXXXX'X BAKERY OF LONDON, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
000 Xxxx Xxxxxx Xxxxxx 000 Xxxx Xxxxxx Xxxxxx
Xxxxxx, XX 00000 Xxxxxx, XX 00000
53. XXX. XXXXX'X BRANDS, INC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
54. XXX. XXXXX'X BAKERY OF SPARTANBURG, LLC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxxxx Xxxxxxx 0000 Xxxxxxxxx Xxxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
349
55. XXX. XXXXX'X BAKERY OF CROSSVILLE, LLC.
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxx Xxxx Xxxxxx 0000 Xxxxx Xxxx Xxxxxx
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
56. XXX. XXXXX'X BAKERY OF STILWELL, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0 Xxxx Xxxxxx Xxxxxx 0 Xxxx Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000 Xxxxxxxx, XX 00000
57. XXX. XXXXX'X BAKERY OF SUWANEE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxx Xxxx, Xxxxx X 0000 Xxxxxxx Xxx Xxxx, Xxxxx X
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
58. FLOWERS FINANCE, LLC
Chief Executive Office: Record Location:
----------------------- ----------------
0000 Xxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000 Xxxxxxxxxxx, XX 00000
350
Exhibit B
EXACT LEGAL NAME OF EACH PLEDGOR AND
STATE OF INCORPORATION/ORGANIZATION
I. Flowers Foods, Inc. (GA) 00-0000000 Parent
-------------------
1. Flowers Finance, LLC (DE) 00-0000000 100%
2. Flowers Bakeries, LLC (GA) 00-0000000 100%
i. Flowers Baking Co. of Florida, LLC (FL) 00-0000000 100%
1. Flowers Baking Co. of Miami, LLC (FL) 00-0000000 100%
2. Flowers Baking Co. of Jacksonville, LLC (FL) 00-0000000 100%
3. Flowers Baking Co. of Bradenton, LLC (FL) 00-0000000 100%
ii. Flowers Baking Co. of Thomasville, LLC (GA) 00-0000000 100%
iii. Flowers Baking Co. of Villa Rica, LLC (GA) 00-0000000 100%
iv. Flowers Baking Co. of Opelika, LLC (AL) 00-0000000 100%
1. Xxxxxx Street Bakery, LLC (AL) 00-0000000 100%
x. Xxxxxx'x Bakery, LLC (AL) 00-0000000 100%
vi. Home Baking Company, LLC (AL) 00-0000000 100%
vii. Xxxxx Bakery, LLC (LA) 00-0000000 100%
1. Bunny Bread, LLC (LA) 00-0000000 100%
a. Flowers Baking Co. of Baton Rouge, LLC (LA) 00-0000000 100%
viii. Flowers Baking Co. of Jamestown, LLC (NC) 00-0000000 100%
ix. Franklin Baking Company, LLC (NC) 00-0000000 100%
x. Flowers Baking Co. of Lynchburg, LLC (VA) 00-0000000 100%
xi. Flowers Baking Co. of Norfolk, LLC (VA) 00-0000000 100%
xii. Flowers Baking Co. of Morristown, LLC (TN) 00-0000000 100%
xiii. Xxxxxx'x Bakery, LLC (TX) 00-0000000 100%
xiv. Flowers Baking Co. of West Virginia, LLC (WV) 00-0000000 100%
1. The Donut House, LLC (WV) 00-0000000 100%
xv. Flowers Baking Co. of Texas, LLC (TX) 00-0000000 100%
1. Flowers Baking Co. of Tyler, LLC (GA) 00-0000000 100%
a. Butterkrust Bakery, LLC (TX) 00-0000000 100%
2. El Paso Baking Co., LLC (TX) 00-0000000 100%
a. El Paso Baking Company de Mexico, S.A. de C.V. (MEXICO) 100%
3. San Antonio Baking Co., LLC (TX) 00-0000000 100%
4. Austin Baking Co., LLC (TX) 00-0000000 100%
5. Corpus Christi Baking Co., LLC. (TX) 00-0000000 100%
xvi. Flowers Baking Co. of Texarkana, LLC (AR) 00-0000000 100%
xvii. Holsum Baking Company, LLC (AR) 00-0000000 100%
xviii. Xxxxxxx Baking Company, LLC (AR) 00-0000000 100%
xix. Xxxxxx Baking Company, LLC (WV) 00-0000000 100%
xx. Table Pride, LLC (GA) 00-0000000 100%
xxi. Flowers Baking Co. of Memphis, LLC (TN) 00-0000000 100%
351
Exhibit B
Page 2
xxii. Hampton Roads Baking Company, LLC (VA) 00-0000000 100%
xxiii. Flowers Bakeries Brands, Inc. (DE) 00-0000000 100%
3. Xxx. Xxxxx'x Bakeries, LLC (GA) 00-0000000 100%
a. European Bakers, LLC (GA) 00-0000000 100%
b. Xxxx Xxxxx'x Bakery, LLC (GA) 00-0000000 100%
c. Xxx-Co Bakery, LLC (GA) 00-0000000 100%
x. Xxxxxx'x Home Bakery of North Carolina, LLC (NC) 00-0000000 100%
d. Xxx. Xxxxx'x Bakeries Sales Support Group, LLC (GA) 00-0000000 100%
i. Xxx. Xxxxx'x Foil Company, LLC (GA) 00-0000000 100%
e. Xxx. Xxxxx'x Bakeries Frozen Distributors, LLC (GA) 00-0000000 100%
f. Xxx. Xxxxx'x Bakeries of Pennsylvania, LLC (GA) 00-0000000 100%
g. Flowers Specialty Foods of Montgomery, LLC (AL) 00-0000000 100%
h. Flowers Baking Company of Fountain Inn, LLC (SC) 00-0000000 100%
i. Flowers Fresh Bakery Distributors, Inc. (TN) 00-0000000 100%
j. Xxx. Xxxxx'x Bakery of London, LLC (KY) 00-0000000 100%
k. Xxx. Xxxxx'x Brands, Inc. (SC) 00-0000000 100%
l. Xxx. Xxxxx'x Bakery of Stilwell, LLC (OK) 00-0000000 100%
m. Xxx. Xxxxx'x Bakery of Spartanburg, LLC. (SC) 00-0000000 100%
n. Xxx. Xxxxx'x Bakery of Crossville, LLC. (TN) 00-0000000 100%
o. Xxx. Xxxxx'x Bakery of Suwanee, LLC (GA) 00-0000000 100%
352
ANNEX C
SCHEDULE OF INVENTORY AND EQUIPMENT LOCATIONS
FLOWERS FOODS, INC.
0000 Xxxxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000
Xxxxxx County Airport, Thomasville, GA 00000
Xxxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000
FLOWERS FINANCE, LLC
NONE.
FLOWERS BAKERIES, LLC AND ITS SUBSIDIARIES
FBC OF THOMASVILLE - 0101 FLOWERS BAKING COMPANY OF THOMASVILLE, LLC
1. Tallahassee Warehouse/#4652 Thrift Store, 0000 Xxxxx Xxxxxx Xxxxxx,
Xxxxxxxxxxx, XX 00000
2. Carrabelle Warehouse, 000 Xxxxxx X Xxxxx ( Xxxxxxx 00), Xxxxxxxxxx, XX 00000
3. Panama City Warehouse/Thrift Store #4631, 0000 Xxxx 00xx Xxxxxx , Xxxxxx
Xxxx, XX 00000
4. Port St. Xxx Warehouse, 000 Xxxxxxxxx Xxxxx, Xxxx Xx. Xxx, XX 00000
5. Bainbridge Warehouse, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
6. Quincy Warehouse/ #4628 Thrift Store, 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxx, XX
00000
7. Blountstown Warehouse, 000 Xxxxx Xxxx Xxxxxx, Xxxxxxxxxxx, XX 00000
8. Dothan Warehouse/Thrift Store #4614, 0000 Xxxx Xxxxx Xxxxxx, Xxxxxx, XX 00000
9. Blakely Warehouse, Xxxxxx Xxxxxx, Xxxxxxx, XX 00000
10. Daleville Warehouse, 0000 Xxxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
11. Xxxxxxxxxx Xxxxxxxxx, Xxxx Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
12. Thomasville Warehouse, 000 Xxxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000
13. Moultrie Warehouse, 000 Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000
14. Valdosta Warehouse, 000 Xxxxxxx Xxxxxx, Xxxxxxxx, XX 00000
15. Perry FL Warehouse, 0000 Xxxxxx Xxxxxx, Xxxxx, XX 00000
16. Albany Warehouse, 000 Xxxxxxx Xxxx, Xxxxxx, XX 00000
17. Cordele Warehouse, 000 Xxxxxxxxx Xxxx, Xxxxxxx, XX 00000
18. Perry GA Warehouse/Thrift Store #4608, 000 Xxxxxxxx Xxxxxx Xxxx., Xxxxx, XX
00000
19. Americus Warehouse, Xxx Xxxxxx Xxxx Xxxxxxx 00 Xxxxx, Xxxxxx, XX 00000
20. Tifton Warehouse, 000 Xxxxx Xxxx, Xxxxxx, XX 00000
21. Douglas Warehouse, Xxxx Xxxxx, Xxxxxxx, XX 00000
22. Macon Warehouse/Thrift Store #4611, 0000 Xxxxxxx Xxxx, Xxxxx, XX 00000
23. Pelham Warehouse, 000 Xxxxxxx Xxxxxx, Xxxxxx, XX 00000
24. Madison, FL Warehouse, U.S. 00 Xxxx Xxxxxxx 00 Xxxxxxx Xxxx Xxxx, Xxxxxxx,
XX 00000
25. Dublin Warehouse, 000 Xxxxxxxxx Xxxxx, Xxxxxx, XX 00000
26. Ft. Xxxxxx Warehouse, 000 Xxxxxxx Xxxxxx, Xx. Xxxxxx, XX 00000
27. Pensacola Warehouse, 0000 Xxxxx Xxxxx Xxxxxxx, Xxxxxxxxx, XX 00000
28. Mossy Head Warehouse, 000 Xxxx Xxxxxxx 00, Xxxxx Xxxx, XX 00000
29. Panama City Beach Warehouse, 000 X. Xxxxxxxxxx Xxxxx, Xxxxxx Xxxx Xxxxx, XX
00000
30. Andalusia Warehouse/ Thrift Store #4685, 0000 Xxxxxxx Xxxx Xxxxxxx 00 Xxxx,
Xxxxxxxxx, XX 00000
31. Brewton Warehouse, 000 Xxxxxxx 00, Xxxxxxx, XX 00000
353
Exhibit C
Page 2
32. Pensacola #2 Warehouse, 0000-X Xxxx Xxxx, Xxxxxxxxx, XX 00000
33. Xxxxxx Xxxxxx Store # 4689, 0000 Xxxxx X, Xxxxxxx 00, Xxxxxx, XX 00000
34. Albany #4664 Thrift Store, 000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxx, XX 00000
35. Albany #4665 Thrift Store, 0000 Xxxx Xxxxx Xxxxxx, Xxxxxx, XX 00000
36. Americus #4602 Thrift Store, 000 Xxxxx Xxxxxx, Xxxxxxxx, XX 00000
37. Cordele #4612 Thrift Store, 000 X. 00xx Xxxxxx, Xxxxxxx, XX 00000
38. Douglas #4660 Thrift Store, 0000 Xxxx Xxxxx Xxxxxxx, Xxxxxxx, XX 00000
39. Xxxxxx #0000 Thrift Store, 0000 Xxxxxxxx Xxxx. Xxxx 000, Xxxxxx, XX 00000
40. Ft. Xxxxxx # 4680 Thrift Store, 000 Xxxxx Xxxxxxx, Xx. Xxxxxx, XX 00000
41. Xxxx Haven #4618 Thrift Store, 0000 Xxxxx Xxxxxxx 00, Xxxx Xxxxx, XX 00000
42. Macon # 4607 Thrift Store, 0000 Xxxxxxxxxxx Xxxx, Xxxxx, XX 00000
43. Moultrie #4605 Thrift Store, 000 0xx Xxxxxx, Xxxxxxxx, XX 00000
44. Ozark #4613 Thrift Store, 000 Xxxx Xxxxxxx Xxxxxx, Xxxxx, XX 00000
45. Pensacola #4690 Thrift Store, 0000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
46. Pensacola #4691 Thrift Store, Xxxx Xxxx Xxxx Xxxx, Xxxxxxxxx, XX 00000
47. Xxxxxxxxx # 0000 Thrift Store, 0000 Xxxxx. Xxxx Xxxxx, Xxxxxxxxx, XX 00000
48. Xxxxxxxxxxx # 0000 Thrift Store, 0000 Xxxx Xxx. 00, Xxxxxxxxxxx, XX 00000
49. Tallahassee #4623 Thrift Store, 0000 Xxxxxxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000
50. Xxxxxxxxxxx # 0000 Thrift Store, 000 Xxxxx Xxxxxxx Xxxxxx, Xxxxxxxxxxx, XX
00000
51. Tifton #4671 Thrift Store, 000 X. 0xx Xxxxxx, Xxxxxx, XX 00000
52. Valdosta #4672 Thrift Store, 0000 Xxxxx Xxxx, Xxxxxxxx, XX 00000
TUSCALOOSA 0104 XXXXXX'X BAKERY, LLC
1. 5 Points West Thrift Store, 0000 Xxxxxxxx Xxxx, Xxxxxxxxxx, XX 00000
2. Alabaster Thrift Store, 000 0xx Xxxxxx XX, Xxxxxxxxx, XX 00000
3. Arlington Road Thrift Store, 0000 Xxxxxxx-Xxxxxxxxx Xxxx Xxxxx 000, Xxxxxxx,
XX 00000
4. Athens Warehouse & Thrift Store, 0000 Xxxxx Xxxx Xxxxx, Xxxxxx, XX. 00000
5. Batesville Warehouse, 00000 Xxxxxxx 0, Xxxxxx, XX 00000
6. Brent Warehouse, Xxxxxxx 00 Xxxxx, Xxxxx, XX 00000
7. Xxxxxxxxxxx Xxxxxx Xxxxx, 0000 Xxxxxxxxxxx, Xxxxxxxxxxx, XX 00000
8. Columbus Warehouse, 0000 Xxxxxxx 00 Xxxxx, Xxxxxxxx, XX 00000
9. Columbus Thrift Store, 000 Xxxxxxx Xxxxxx, Xxxxxxxx, XX 00000
10. Corinth Warehouse, 0000 Xxxxxxx 00 Xxxx, Xxxxxxx, XX 00000
11. Corinth Thrift Store, 0000 Xxxxxxx 00 Xxxx, Xxxxxxx, XX 00000
12. Cullman Warehouse & Thrift Store, 0000 X. Xxxx Xxxxxx, Xxxxxxx, XX 00000
13. Decatur Warehouse & Thrift Store, 0000 Xxx Xxxxxxx Xxxx, Xxxxxxx, XX 00000
14. Demopolis Warehouse, S Industrial Park, Sect. A, Xxxx. 0, Xxx X, Xxxxxxxxx,
XX 00000
15. Fayette Thrift Store, 000 0xx Xxxxxx XX Xxxx Xxxxxxxx Xxxxxx, Xxxxxxx, XX
00000
16. Xxxxxxx Xxxxxxxxx, Xxx Xxxxxxxxxx Xxxxxxx, Xxxxxxx, XX 00000
17. Florence Warehouse &Thrift Store, 0000 Xxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000
18. Gardendale Thrift Store, 0000 Xxxx, Xxxxxxxxxx, XX 00000
19. Greensboro Thrift Store, 0000 00xx Xxxxxx, Xxxxxxxxxx, XX 00000
20. Grove Hill Warehouse, 000X Xxxxx Xxxxxxx Xxxxxx, Xxxxx Xxxx, XX 00000
21. Haleyville Warehouse, 0000 00xx Xxxxxx, Xxxxxxxxxx, XX 00000
354
Exhibit C
Page 3
22. Xxxxxxxx Xxxxxxxxx, Xxxxxxx 00 Xxxxx, Xxxxxxxx, XX 00000
23. Horn Lake Thrift Store, 0000 Xxxxxxx Xxxx Xxxx, Xxxx Xxxx, XX 00000
24. Houston Warehouse, 000 Xxxxxxx Xxxxxx, Xxxxxxx, XX 00000
25. Huntsville Warehouse & Thrift Store, 0000 X Xxxxxxxx Xxxxx, Xxxxxxxxxx, XX.
00000
26. Huntsville Thrift Store, 0000 Xxxxxxxxx Xxxxx, Xxxxxxxxxx, XX. 00000
27. Jackson TN Warehouse, 000 Xxxxxxx Xxxx, Xxxxxxx, XX 00000
28. Xxxxxx Xxxxxx Store, 00 Xxxx 00xx Xxxxxx, Xxxxxx, XX 00000
29. Jasper Warehouse & Thrift Store, 0000 Xxxxxxx 00 Xxxx, Xxxxxx, XX 00000
30. Summer Avenue Thrift Store, 0000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000
00. Xxxxx Xxxx Thrift Store, 0000 Xxxxx Xxxx, Xxxxxxxx, XX 00000
32. Xxxxxx Road Warehouse, 0000 Xxxxxx Xxxx, Xxxxxxx, XX 00000
33. Meridian Thrift Store, 0000 0xx Xxxxxx, Xxxxxxxx, XX 00000
34. Meridian Warehouse, 0000 Xxxxxxx Xxxxx, Xxxxxxxx, XX 00000
35. Moody Thrift Store, 2841 & 0000 Xxxxx Xxxxxxx, Xxxxx, XX 00000
36. Monroeville Warehouse, 0000 Xxxxx Xxxxxxx (Xxxxxxx 00 Xxxxx), Xxxxxxxxxxx,
XX 00000
37. Northport Thrift Store, 0000 Xxxxxxx Xxxxxxx Xxxx. Xxxxx, Xxxxxxxxx, XX
00000
38. Olive Branch Thrift Store, 0000 Xxxxx Xxxxx Xxxx Xxxx X (1), Xxxxx Xxxxxx,
XX 00000
39. Olive Branch Thrift Store, 0000 Xxxxxxx Xxxx, Xxxxx Xxxxxx, XX 00000
40. Oxford Warehouse, 0000-X Xxxxxxx Xxxxxx, Xxxxxx, XX 00000
41. Pelham Warehouse & Thrift Store, 0000 Xxxxxx Xxxxxxx (Xxxxxxx 00), Xxxxxx,
XX 00000
42. Philadelphia Warehouse, 000 Xxxxxx Xxxxxxx Xxxxx, Xxxxxxxxxxxx, XX 00000
43. Phil Xxxxxxxx Warehouse, 000 Xxxxxxxx Xxxxxx, Xxxx Xxxxxxxx, XX 00000
44. Reform Warehouse, X.X. Xxx 000, Xxxxxx, XX 00000
45. Sheffield Thrift Store, 0000 Xxxxx Xxxxx, Xxxxxxxx, XX 00000
46. Starkville Warehouse, 000 Xxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
47. Sylacauga Warehouse & Thrift Store, 000 Xxxx Xxxx Xxxxxx, Xxxxxxxxx, XX
00000
48. Trinity Road Thrift Store, 0000 Xxxxxxx Xxxx Xxxxx 000, Xxxxxxx, XX 00000
49. Talladega Warehouse & Thrift Store, Xx. 0 xxxxxxx 00, Xxxxxxxxx, XX 00000
50. Tuscaloosa Warehouse & Thrift Store, 000 Xxxxxx Xxxx Xxxx, Xxxxxxxxxx, XX
00000
51. Houston Warehouse, 000 Xxxxxxx Xxxxxx, Xxxxxxx, XX 00000
52. Bessemer Warehouse & Thrift Store, 000 Xxxxxxx 000, Xxxxxxxx, XX 00000
53. Xxxxxx Warehouse & Thrift Store, 000 Xxx Xxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
54. Trussville Warehouse & Thrift Store, 0000 Xxx Xxxxxxx Xxxxxxx, Xxxxxxxxxx,
XX 00000
55. Tupelo Warehouse & Thrift Store, 000 Xxxxx Xxxxxx Xxxx., Xxxxxx, XX 00000
FBC OF OPELIKA - 0105 FLOWERS BAKING COMPANY OF OPELIKA, LLC
1. Columbus Thrift Store, 0000 Xxxxx Xxxx, Xxxxxxxx, XX 00000
2. Phenix City Thrift Store, 0000 X Xxxxxxx Xxxx, Xxxxxx Xxxx, XX 00000
3. Opelika Thrift Store, 0000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000
4. Montgomery Thrift Store & Warehouse, 0000 Xxxxxx Xxxxxx Xxxx, Xxxxxxxxxx, XX
00000
5. Montgomery Thrift Store, 0000 Xxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
6. Columbus Thrift Store, 0000-X Xxxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000
7. Xxxxx Xxxxxx Store & Warehouse, 0000 Xxxxxxx Xxxxxxx, Xxxxx, XX 00000
8. Montgomery Thrift Store, 000 Xxxxx Xxxxxxx Xxxx., Xxxxxxxxxx, XX 00000
355
Exhibit C
Page 4
9. LaGrange Thrift Store & Warehouse, 000 Xxx Xxxxxxxx Xxxx, XxXxxxxx, XX 00000
10. Thrift Store & Warehouse, 0000 00xx Xxxxxx, Xxxxxx, XX 00000
11. Thomaston Warehouse, 00 Xxxxxxx Xxxx, Xxxxxxxxx, XX 00000
12. Roanoke Warehouse, Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000
13. Xxxx Xxxx Xxxxxxxxx, Xxxxxxx 00, Xxxxx 0, Xxxx Xxxx, XX 00000
14. Manchester Warehouse, 00/0 Xxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
15. Xxxxxxx Xxxxxxxxx, Xxxxxxx Xxxxxx, Xxxxxxx, XX 00000
16. Greenville Warehouse, 000 Xxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
17. Troy Warehouse, 00X Xxxxx 0 Xxxxx Xxxxxx, Xxxx, XX 00000
18. Xxxxxxxxxx Xxxxxxxxx, Xxxxxxx 00 Xxxx, Xxxxxxxxxx, XX 00000
19. Phenix City Warehouse, 0 Xxxxxxxxx Xxxxx, Xxxxxx Xxxx, XX 00000
20. Tallassee Warehouse, Route 5 0000 Xxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
FBC OF MORRISTOWN, INC. - 0107 FLOWERS BAKING COMPANY OF MORRISTOWN, LLC
1. Flowers Baking Co. of Morristown, 0000 Xxxx Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxx,
XX 00000
2. Morristown/Flowers Discount Bakery Store, 0000 Xxxx Xxxxxx Xxxxxxx Xxxxxxx,
Xxxxxxx, XX 00000
3. Flowers Discount Bakery Store, 000 Xxxxx Xxxx, Xxxxxx, XX 00000
4. Flowers Discount Bakery Store, 000 X. Xxxxxxxxx Xxxxxx, Xxx Xxxxx, XX 00000
5. Clinton Highway/Flowers Discount Bakery Store, 0000 Xxxxxxx Xxxxxxx, Xxxxxx,
XX 00000
6. Winona/Flowers Discount Bakery Store, 000 Xxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
7. Flowers Discount Bakery Store, Xxxx Xxxxx Xxxxx, Xxxxxxxxx, XX 00000
8. Gray/Flowers Discount Bakery Store, Xxxxxxxx Xxxxx, XX Xxxxxxx 00, Xxxx, XX
00000
9. Flowers Discount Bakery Store, 0000 Xxxxxxx Xxxxxxx, Xxxxxx, XX 00000
JACKSONVILLE - #0110 FLOWERS BAKING COMPANY OF JACKSONVILLE, LLC
1. Xxxxxxxx Highway Warehouse & Thrift Store, 0000 Xxxxxxxx Xxxxxxx,
Xxxxxxxxxxxx, XX 00000
2. US 1 Warehouse & Thrift Store, 0000 Xxxxxx Xxxxxx Xxxxxxx 0, Xxxxxxxxxxxx, XX
00000
3. Xxxxxxxx Warehouse & Thrift Store, 0000 Xxxxxxxx Xxxx., Xxxxxxxxxxxx, XX
00000
4. Brunswick Warehouse & Thrift Store, 0000 Xxx Xxxxx Xxxxxxx, Xxxxxxxxx, XX
00000
5. Chiefland Warehouse, 000 XX 0xx Xxxxxx, Xxxxxxxxx, XX 00000
6. Cocoa Warehouse & Thrift Store, 0000 Xxxx Xxxx Xxxxxx, Xxxxx, XX 00000
7. Deland Warehouse & Thrift Store, 000 Xxxxxx Xxxx Xxxxxx, Xxxxxx, XX 00000
8. Gainesville Warehouse & Thrift Store, 0000 X Xxxx Xxxxxx, Xxxxxxxxxxx, XX
00000
9. Hardeeville Warehouse, 000 Xxxxxxx 00 Xxxxx, Xxxxxxxxxxx, XX 00000
10. Hazelhurst Warehouse, 000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
11. Xxxxx Xxxx Warehouse & Thrift Store, 0000 Xxxx Xxxx, Xxxxx Xxxx, XX 00000
12. Jesup Warehouse, 000 XX Xxxxx Xxxxxx, Xxxxx, XX 00000
13. Lake City Warehouse & Thrift Store, 000 Xxxxx 0xx Xxxxxx, Xxxx Xxxx, XX
00000
14. Live Oak Warehouse & Thrift Store, 000 XX Xxxxx Xxxxxx, Xxxx Xxx, XX 00000
15. Melbourne Warehouse & Thrift Store, 0000 Xxxxxxx Xxxx Xxxx., Xxxxxxxxx, XX
00000
16. Ocala Warehouse & Thrift Store, 0000 XX Xxxxxxx 000, Xxxxx, XX 00000
17. Palatka Warehouse & Thrift Store, 000 Xxxxx Xxxx Xxxxxx, Xxxxxxx, XX 00000
356
Exhibit C
Page 5
18. Savannah Warehouse, 00 Xxxxxxxx Xxxx., Xxxxxxxx, XX 00000
19. Starke Warehouse & Thrift Store, 000 X Xxxxxxxx Xxxxxx, Xxxxxx, XX 00000
20. Statesboro Warehouse, 00 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
21. St. Augustine Warehouse & Thrift Store, 000 Xxxxx Xxxx 000, Xx. Xxxxxxxxx,
XX 00000
22. Vidalia Warehouse & Thrift Store, 000 X Xxxxx Xxxxxx, Xxxxxxx, XX 00000
23. Waycross Warehouse, 0000 Xxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000
24. Statesboro Thrift Store, 000-X Xxxx Xxxx Xxxxxx, Xxxxxxxxxx, XX 00000
25. Palm Bay Thrift Store, 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxx Xxx, XX 00000
26. Titusvile Thrift Store, 000 Xxxx Xxxxxx, Xxxxxxxxxx, XX 00000
27. New Smyrna Beach Thrift Store, 0000 Xxxxx Xxxxx Xxxxxxx, Xxx Xxxxxx Xxxxx,
XX 00000
28. Mayport Thrift Store, 0000 Xxxxxxx Xxxx, Xxxxxxxx Xxxxx, XX 00000
29. Ocala Thrift Store #1, 0000 XX 0xx Xxxxxx, Xxxxx, XX 00000
30. Edgewood Thrift Store, 000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
FLOWERS OF MIAMI - # 112 FLOWERS BAKING COMPANY OF MIAMI, LLC
1. Miami Thrift Store, 00000 XX Xxxxx Xxxxx, Xxxxx, XX 00000
2. Hialeah Thrift Store, 0000 Xxxx 00xx Xxxxxx, Xxxxxxx, XX 00000
3. Perrine Thrift Store, 00000 XX 000xx Xxxxxx, Xxxxx, XX 00000
4. Pembroke Thrift Store, 0000 Xxxx Xxxxxxxx Xxxx, Xxxxxxxx Xxxxx, XX 00000
0. Xxxx Xxxxxx Thrift Store, 0000 Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
6. Opalocka Thrift Store, 000 Xxxx 00xx Xxxxxx, Xxxxxxx, Xx 00000
0. Xxxxxxx Xxxx Thrift Store, 0000 Xxxxxxx Xxxx, Xx. Xxxxxxxxxx, XX 00000
8 .Plantation Thrift Store, 000 Xxxxx Xxxxx Xxxx 0, Xxxxxxxxxx, XX 00000
9. Centerport Thrift Store, 000 XX 0xx Xxxxxx, Xxxxxxx Xxxxx, Xx 00000
10. West Palm Beach Thrift Store, 0000 X Xxxxxxxxxx Xxxxxx, Xxxx Xxxx Xxxxx, XX
00000
11. Belle Xxxxx Xxxxxx Store, 000 XX 00xx Xxxxxx, Xxxxx Xxxxx, XX 00000
12. Port St. Xxxxx Xxxxxx Store, 0000 X Xx Xxxxxxx 0, Xxxx Xx Xxxxx, XX 00000
13. Riviera Beach Thrift Store, 000 X Xxxxxxxx Xxxxxx, Xxxxxxx Xxxxx, XX 00000
14. Belle Glade Warehouse, 000 XX 00xx Xxxxxx, Xxxxx Xxxxx, XX 00000
15. Okeechobee Warehouse, 000 XX 0xx Xxxxxx, Xxxxxxxxxx, XX 00000
16. Riviera Warehouse, 0000 Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000
17. Boynton Warehouse, 0000 Xxxx Xxxxx Xxxx., Xxxxxxx, XX 00000
18. Vero Beach Warehouse, 0000 Xxxxxxxx Xxxx., Xxxx Xxxxx, XX 00000
19. Pt St. Lucie Warehouse , 0000 Xx 0, Xxxx Xx. Xxxxx, XX 00000
20. Centerport Warehouse, 0000 Xxxxxx Xxxx Xxxxxx, Xxxxxxx, XX 00000
21. Sawgrass Warehouse, 00000 XX 0xx Xxxxxx, Xxxxxxx, XX 00000
22. Pembroke Warehouse, 0000 X Xxxxxxxx Xxxx, Xxxxxxxx, XX 00000
23. Bakery Miami, 00000 XX Xxxxx Xxxxx, Xxxxx, XX 00000
24. Sweetwater Warehouse, 0000 XX 000 Xxxxx, Xxxxx, XX 00000
25. Xxxxxxx Warehouse, 00000 XX 000xx Xxxxxx, Xxxxxxx, XX 00000
26. Key West Warehouse, 000 XX 0 Xxxxxxxx Xxx, Xxx Xxxx, XX 00000
27. Marathon Warehouse, 00000 0xx Xxxxxx Xxxx, Xxxxxxxx, XX 00000
28. Tavernier Warehouse, Overseas Highway - Ace Hardware, Xxxxxxxxx, XX 00000
29. Opalocka Warehouse, 0000 XX 000 Xxxxxx, Xxx Xxxxx, XX 00000
357
Exhibit C
Page 6
VILLA RICA, INC. - #0000 XXXXXXX XXXXXX XXXXXXX XX XXXXX XXXX LLC
1. Flowers Baking Company of Villa Rica, Inc., 000 Xxxxx XxXxxxx Xxxxx, Xxxxx
Xxxx, XX 00000
2. Cartersville Thrift Store, 000 X Xxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
3. Athens Warehouse, 0000 X Xxxxx Xx, Xxxxxx, XX 00000
4. Athens Thrift Store, 0000 X Xxxxx Xx, Xxxxxx, XX 00000
5. Monroe Warehouse, 0000 X Xxxxx Xx, Xxxxxx, XX 00000
6. Atlanta Warehouse, 000 Xxxxxx Xxxxxx XX, Xxxxxxx, XX 00000
7. Atlanta Thrift Store, 000 Xxxxxxxxx Xxxxx, Xxxxxxx, XX 00000
8. Griffin Warehouse/Thrift Store, 0000 Xxxxxxx Xxxx, Xxxxxxx, XX 00000
9. Lithonia Warehouse/Thrift Store, 0000 Xxxxx Xx. Xxxxxxxx, Xxxxxxxx, XX 00000
10. Marietta Warehouse, 000 Xxxxxx Xxxxx Xxxx, Xxxxxxxx, XX 00000
11 .Xxxxxxxx Xxxxxx Store, 000 Xxxxxx Xxxxx Xxxx, Xxxxxxxx, XX 00000
12. Riverdale Warehouse/Thrift Store, 0000 Xxxxxxx 00, Xxxxxxxxx, XX 00000
13. Gainesville (Oakwood) Warehouse/Thrift Store, Xx 00 Xxxxxxx Xxxx,
Xxxxxxxxxxx, XX 00000
14. Cornelia Warehouse/Thrift Store, 0 Xxx Xxxxxx, Xxxxxxxx, XX 00000
15. Douglasville Warehouse, 0000 Xxxxxxxx Xxxxxxx (Xxxxxxx 00), Xxxxxxxxxxxx, XX
00000
16. Douglasville Thrift Store, 0000 Xxxxxxxx Xxxxxxx (Xxxxxxx 00), Xxxxxxxxxxxx,
XX 00000
17. Douglasville Thrift Store (Highway 5), 0000 Xxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX
00000
18. Xxxxxxx Warehouse, X Xxxx Xxxxxx, Xxxxxxx, XX 00000
19. Forest Park Thrift Store, 0000 Xxxxxxxxx Xxxx, Xxxxxx Xxxx, XX 00000
20. Royston Warehouse, 000 Xxxx Xxxxxx, Xxxxxxx, XX 00000
21. Blue Ridge Warehouse/Thrift Store, 0000 Xxxxxxxxxxx Xxxxxxx, Xxxx Xxxxx, XX
00000
22. Madison Warehouse, 0000 Xxxxxxxx Xx., Xxxxxxx, XX 00000
23. Athens Thrift Street (Hawthorne), 000 Xxxxxxxxx Xxxxxx, Xxxxxx, XX 00000
24. Stockbridge Thrift Store, 0000 X Xxxxxxx 00, Xxxx X, Xxxxxxxxxxx, XX 00000
25. Martinez Thrift Store, 0000 X-0 Xxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000
26. Newnan Warehouse, 000 Xxxx Xxxx, Xxxxxx, XX 00000
27. Monroe Warehouse/Thrift Store, 0000 X Xxxxx Xxxxxx, Xxxxxx, XX 00000
28. Xxxxxxx Xxxxxx Store (Peach Orchard), 0000 Xxxxx Xxxxxxx Xxxx, Xxxxxxx, XX
00000
29. Canton Thrift Store, 0000 Xxxxxxxx Xxxxxxx, Xxxxxx, XX 00000
30. Loganville Thrift Store, 000 Xxxxxxx 00, Xxxxxxxxxx, XX 00000
31. Madison Thrift Store, 0000 Xxxxxxxx Xxxx Xxxxx 000, Xxxxxxx, XX 00000
32. Covington Thrift Store, 0000 Xxxxxxx 000, Xxxxxxxxx, XX 00000
33. Union City Thrift Store, 0000 Xxxxxxx Xxxxxxx, Xxxxx Xxxx, XX 00000
34. East Point Thrift Store, 0000 Xxxx Xxxxx Xxxxxx, Xxxx Xxxxx, XX 00000
35. Woodstock Warehouse, 0000 Xxxxxx Xxxx, Xxxxxxxxx, XX 00000
36. Woodstock Thrift Store, 0000 Xxxxxx Xxxx, Xxxxxxxxx, XX 00000
37. Carrollton Warehouse, 000 Xxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
38. Carrollton Thrift Store, 000 Xxxxxx Xxxx, Xxxxxxxxxx, XX 00000
39. Gadsden Warehouse/Thrift Store, 0000 Xxxx Xxxxx Xxxxxx, Xxxxxxx, XX 00000
40. Fayetteville Warehouse/Thrift Store, 0000 Xxxxxxx Xxxxxx Xxxxxxx,
Xxxxxxxxxxxx, XX 00000
41. Nashville Thrift Store, 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxx, XX 00000
42. Goodlettsville Warehouse/Thrift Store, 000 Xxxxxxx Xxxxxx, Xxxxxxxxxxxxxx,
XX 00000
358
Exhibit C
Page 7
43. Shelbyville Thrift Store, 000 Xxxxxxx Xxxxxx, Xxxxxxxxxxx, XX 00000
44. Boaz Warehouse/Thrift Store, Xxxxxxx 000 X, Xx. 0 Xxx 00, Xxxx, XX 00000
45. Oneonta Warehouse/Thrift Store, 000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000
46. Anniston (Saks) Warehouse/Thrift Store, 0000 Xxxxx Xxxxxxx. 000 Xxxxx,
Xxxxxxxx, XX 00000
47. Gadsden Thrift Store, 0000 X. Xxxxx, Xxxxxxx, XX 00000 47. Rome
Warehouse/Thrift Store, 0000 Xxxxx Xxxxx Xxxxxx, Xxxx, XX 00000
48. Dalton Warehouse, 0000 Xxxxxxxxx Xxxxxxx, Xxxxxxx, XX 00000
49. Ft. Xxxxx Warehouse, 0000 Xxxxx Xxxx Xxxx., XX Xxxxx, XX 00000
50. Greenbrier Thrift Store, 0000 Xxxxxxxxxx Xxxx, Xxxxxx, XX 00000
51. Arab Warehouse/Thrift Store, 000-0xx Xxxxxx XX, Xxxx, XX 00000
52. Cedartown Thrift Store, 000 Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
53. Xxxxxx Thrift Store, 0000 Xxxxxxx 000, Xxxxx X, Xxxxxx, XX 00000
54. Chattanooga Warehouse/Thrift Store, 0000 Xxxxx Xxxx Xxxxx, Xxxxxxxxxxx, XX
00000
55. Ooltewah Thrift Store, 0000 Xxxxxxxx Xxxxxxxx, Xxxxx X, Xxxxxxxx, XX 00000
56. Clarksville Warehouse/Thrift Store, 0000 Xxxxxxx Xxxxxx, Xxxxxxxxxxx, XX
00000
57. Royston Thrift Store, 000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000
58. Augusta Warehouse, 0000 Xxxxxxxx Xxxxx, Xxxxxxx, XX 00000
59. Villa Rica Thrift Store, 000 Xxxx Xxxxxxxx Xxxxxxx, Xxxxx Xxxx, XX 00000
60. Murfreesboro Warehouse, 000 Xxxxxx Xxxx, Xxxxxxxxxxxx, XX 00000
61. Bowling Green Thrift Store, 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx Xxxxxx,
Xxxxxxx Xxxxx, XX 00000
62. Murfreesboro Thrift Store, 0000 Xxxxxxxx Xxxx., Xxxxxxxxxxxx, XX 00000
63. Rome Thrift Store, 0000 Xxxxxxx Xxxxxx, Xxxx, XX 00000
64. Scottsboro Warehouse/Thrift Store, 000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, XX
00000
65. Nashville Warehouse (Xxxxxxx'x Xxxx), Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
66. Bowling Green Warehouse/Thrift Store, 000 Xxxxxxxxxx Xxxxx, Xxxxxxx Xxxxx,
XX 00000
67. Lilburn Warehouse/Thrift Store, 000 Xxxxxxx Xxxxx Xxxx, Xxxxxxx, XX 00000
LAFAYETTE - #114 XXXXX BAKERY, LLC
1. Xxxxxxxxxx Maid Thrift Store, 000 Xxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
2. Xxxxxxxxxx Maid Thrift Store, 0000 Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
3. Xxxxxxxxxx Maid Warehouse, 000 Xxxxx Xxxx, Xxxxxxxxx, XX 00000
4. Xxxxxxxxxx Maid Warehouse & Thrift Store, 000 Xxx XxXxxxxx, Xxxxx, XX 00000
5. Xxxxxxxxxx Maid Thrift Store, 0000 Xxxxxxxx Xxxxxxx, Xxxxxxxxx, XX 00000
6. Xxxxxxxxxx Maid Thrift Store, 000 Xxxxxxx Xxxxx Xxxxx, Xxx Xxxxxx, XX 00000
7. Xxxxxxxxxx Maid Warehouse & Thrift Store, 000 Xxxxxx, Xxxxxx, XX 00000
8. Xxxxxxxxxx Maid Warehouse, 0000 Xxxxxxx 0000, Xxxxxxxxx, XX 00000
9. Xxxxxxxxxx Maid Thrift Store, 0000 Xxxxx Xxxxxx, Xxxxxxxxx, XX 00000
10. Xxxxxxxxxx Maid Warehouse, 0000 Xxxx Xxxx Xxxxxx, Xxxx, XX 00000
11. Xxxxxxxxxx Maid Thrift Store, 0000 Xxxxxxx 000, Xxxxx, XX 00000
12. Xxxxxxxxxx Maid Thrift Store, 0000 Xxxxx Xxxxxxx Xxxx, Xxxxx, XX 00000
13. Xxxxxxxxxx Maid Warehouse, 0000 Xxxxxxx 00, Xxxxxx Xxxx, XX 00000
14. Xxxxxxxxxx Maid Thrift Store, 000 Xxxxxxxxxx Xxxxxx, Xxxxxx Xxxx, XX 00000
15. Xxxxxxxxxx Maid Warehouse, 0000 Xxxxxxx Xxxxxx, Xxxx Xxxxxxx, XX 00000
359
Exhibit C
Page 8
16. Xxxxxxxxxx Maid Thrift Store, 0000 Xxxxxxx, Xxxx Xxxxxxx, XX 00000
17. Xxxxxxxxxx Maid Warehouse & Thrift Store, 0000 Xxxxxxxxx Xxxxx, Xxxxxxx, XX
00000
18. Bunny Bread Warehouse & Thrift Store, 000 X Xxxxx Xxxxxx, XxXxxxxx, XX 00000
19. Bunny Bread Warehouse & Thrift Store, 0000 Xxxxxxx Xxxxx, Xxxxxxxxxx, XX
00000
20. Bunny Bread Thrift Store, 0000 Xxxx Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
21. Bunny Bread Thrift Store, 0000 Xxxxxxx 00 Xxxx, Xxxxxxxxx, XX 00000
22. Bunny Bread Warehouse, 000 Xxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
NEW ORLEANS - 115 BUNNY BREAD, LLC
1. Xxxxx Warehouse, 00000 Xxxxx Xxxx, Xxxxx, XX 00000
2. Baton Rouge Warehouse, 0000 Xxxxxx Xxxxx, Xxxxx Xxxxx, XX 00000
3. Maplewood Thrift Store, 0000 Xxxxxxxxx Xxxxxx, Xxxxx Xxxxx, XX 00000
4. Slidell Warehouse/Thrift Store, 0000 Xxxxxxx 000 Xxxx, Xxxxxxx, XX 00000
5. Harahan Warehouse, 0000 Xxxxxxxxx Xxxxxxx, Xxxxxxx , XX 00000
6. Chalmette Thrift Store, 0000 X. Xxxxx Xxxxx Xxxxx, Xxxxxxxxx, XX 00000
7. Gretna Warehouse/Thrift Store, 000 Xxxxxxxx Xxxxxx, Xxxxxx, XX 00000
8. Gulfport Warehouse, 00000 Xxxxxxxx Xxxx Xxxx X, Xxxxxxxx, XX 00000
9. Gulfport Thrift Store, 000 Xxxx Xxxx Xxxx, Xxxxxxx, XX 00000
10. Mobile I Warehouse, 0000 Xxxxxxxxx Xxxx Xxxxx, Xxxxxx, XX 00000
11. Mobile II Warehouse, 00000 Xxx Xxxxxxx 00, Xxxxxxx Xxxx, XX 00000
12. Springhill Thrift Store, 0000 Xxxxxxxxxx Xxxxxx, Xxxxxx, XX 00000
13. Azalea Thrift Store, 000 Xxxxxx Xxxx, Xxxxxx, XX 00000
PINE BLUFF #117 HOLSUM BAKING COMPANY, LLC
1. Holsum Baking Company, 000 Xxxxxxxxx Xxxxxx, Xxxx Xxxxx, XX 00000
HOUSTON - 0118 XXXXXX'X BAKERY, LLC
1. Aldine Warehouse, 00000 Xxxxx Xxxxx Xxxx, Xxxxxxx, XX 00000
2. Baytown Warehouse & Thrift Store, 0000 X Xxxxxxxxx, Xxxxxxx, XX 00000
3. Beaumont Warehouse, 0000 Xxxx, Xxxxxxxx, XX 00000
4. Conroe Warehouse & Thrift Store, 000 X Xxxx 000 Xxxx, Xxxxxx, XX 00000
5. Cripple Creek Warehouse, 0000 Xxxxxxx Xxxxx, Xxxxx Xxxxxxx, XX 00000
6. Dover Warehouse, 00000 Xxxxx Xxxxxx, Xxxxxxx, XX 00000
7. Huntsville Warehouse, 0000 Xxxxxxx 00, Xxxxxxxxxx, XX 00000
8. Xxxxxx Xxxxxxxxx, Xxxxxxx 00, Xxxxxx, XX 00000
9. Livingston Warehouse, Xxxxxxx 000, Xxxxxxxxxx, XX 00000
10. Northwoods Warehouse, 00000X XX000, Xxxxxxx, XX 00000
11. Orange Warehouse, 0000 XxxXxxxxx, Xxxxxx, XX 00000
12. Texas City Warehouse & Thrift Store, 0000 0xx Xxxxxx, Xxxxx Xxxx, XX 00000
13. West Columbia Warehouse, 00 Xxxxxx & Xxxxxxxxx, Xxxx Xxxxxxxx, XX 00000
14. Washington Thrift Store, 0000 Xxxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000
15. Livingston Thrift Store, 000 Xxx Xxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
000
Xxxxxxx X
Xxxx 0
XXXXXXXXX - #000 FLOWERS BAKING COMPANY OF JAMESTOWN, LLC
1. Albemarle Distribution Center, 000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
2. Anderson Distribution Center, 0000 Xxxxxxx Xxxxx Xxxx, Xxxxxxxx XX 00000
3. Asheboro Distribution Center, 0000 Xxxxx Xxxxxxxxxxxx Xxxxxx, Xxxxxxxx, XX
00000
4. Asheville Distribution Center, 0000 Xxxxxxx Xxxx, Xxxxxxxxx, XX 00000
5. Burlington Distribution Center/Thrift Store, 0000 Xxxxx, Xxxxxx Xxxxxx,
Xxxxxxxxxx, XX 00000
6. Columbia Distribution Center, 0000 Xxxxxx Xxxxx Xxxx., Xxxxx, XX 00000
7. Concord Distribution Center/Thrift Store, 0000 Xxxxxxx., 000 Xxxxx, Xxxxxxx,
XX 00000
8. Durham Distribution Center/Thrift Store, 0000 Xxxx Xxxx Xxxx, Xxxxxx. XX
00000
9. Florence Distribution Center, 0000 Xxxxx Xxxx, Xxxxxxxx, XX 00000
10. Gastonia Distribution Center/Thrift Store, 0000 Xxxxxxxx Xxxx Xxxx,
Xxxxxxxx, XX 00000
11. Greensboro Distribution Center, 000 Xxxxxxx 00 Xxxxx, Xxxxxxxxxx, XX 00000
12. Greenville Distribution Center, 0000 Xxxxxxxxxx Xxxx, Xxxxxxxxxx, XX 00000
13. Henderson Distribution Center, 000 Xxxxxx Xxxxx, Xxxxxxxxx, XX 00000
14. Hickory Distribution Center/Thrift Store, 000 Xxxxxx Xxxxx Xxxx., Xxxxxxx,
XX 00000
15. Indian Trail Distribution Center, 000 Xxxxxxxxxx Xxxx, Xxxxxx Xxxxx, XX
00000
16. Laurens Distribution Center, 000 Xxxx Xxxx Xxxxxx, Xxxxxxx, XX 00000
17. Xxxxxxxxx Xxxxxxxxxxxx Xxxxxx, Xxxx 0xx Xxxxxx, Xxxxxxxxx, XX 00000
18. Marion Distribution Center, 0000 Xxxxxxxxx Xxxx, Xxxxxx, XX 00000
19. Myrtle Beach Distribution Center, 0000 Xxxxxxxxx Xxxxx, Xxxxxx Xxxxx, XX
00000
20. Orangeburg Distribution Center, 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
21. Xxxxxxxxxx Xxxxxxxxxxxx Xxxxxx, Xxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
21. Rock Hill Distribution Center/Thrift Store, 000 Xxxxxx Xxxx., Xxxx Xxxx, XX
00000
22. Rockingham Distribution Center, 000 Xxxx Xxxx, Xxxxxxxxxx, XX 00000
23. Roxboro Distribution Center, 0000 Xxxxx Xxxxxx, Xxxxxxx, XX 00000
24. Salisbury Distribution Center, 000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
25. Sanford Distribution Center, 000 Xxxxx Xxxxxx, Xxxxxxx, XX 00000
26. Seneca Distribution Center, 000 Xxxxx Xxx Xxxxxx, Xxxxxx, XX 00000
27. Spartanburg Distribution Center, 000 Xxxxxxxxx Xxxx, Xxxxxxxxxxx, XX 00000
28. Statesville Distribution Center/Thrift Store, 000 Xxxxx Xxxxxx Xxxxxx,
Xxxxxxxxxxxx, XX 00000
29. Summerville Distribution Center, 000 Xxxxxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
30. Sumter Distribution Center, 0000 Xxxxxxxxx Xxxx., Xxxxxx, XX 000000
31. Sylva Distribution Center, East Sylva Shopping Center, Xxxxx, XX 00000
32. Xxxxxxxxxx Xxxxxxxxxxxx Xxxxxx, Xx. 0 Xxx 000, Xxxxxxxxxx, XX 00000
33. Winston-Salem Distribution Center, 0000 Xxxxxx Xxxx, Xxxxx Xxxx, XX 00000
34. Jamestown Thrift Store, 0000 Xxxxxxxxxx Xxxx, Xxxx Xxxxx, XX 00000
35. High Point Thrift Store, 0000 Xxxxx Xxxx Xxxxxx, Xxxx Xxxxx , XX 00000
36. Asheboro Thrift Store, 0000 Xxxxx Xxxxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000
37. Greensboro Thrift Store, 0000 X. Xxxxxxxxx Xxxx,Xxxxxxxxxx, XX 00000
38. Burlington Thrift Store, 0000 Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
39. Xxxxxxx Xxxxxx Store, 000 X. Xxxx Xxxxxx, Xxxxxxx, XX 00000
40. Durham Thrift Store, 0000 Xxxxx Xxxx, Xxxxxx, XX 00000
41. Hamlet Thrift Store, 000 X, Xxxxxx Xxxxxx, Xxxxxx , XX 00000
361
Exhibit C
Page 10
42. Greensboro Thrift Store, 0000 0xx Xxxxxx, Xxxxxxxxxx, XX 00000
43. Salisbury Thrift Store, 0000 Xxxxx Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
44. Salisbury Thrift Store, 000 Xxxxx Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
45. Winston Salem Thrift Store, 000 Xxxxxx Xxxxx Xxxxxxx, Xxxxxxx-Xxxxx , XX
00000
46. Winston Salem Thrift Store, 0000 Xxxxxxx Xxxx Xxxx, Xxxxxxx-Xxxxx, XX 00000
47. Lexington Thrift Store, 00000 Xxx Xxxxxxx Xxxx, Xxxxxxxxx, XX 00000
48. Indian Trail Thrift Store, 000 Xxxxxxxxxx Xxxxxx Xxxxx, Xxxxxx Xxxxx, XX
00000
49. Wilkesboro Thrift Store, 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
50. Asheville Thrift Store, Highway 70 Box 1370, Xxxxxxxxx, XX 00000
51. Flowers Baking Co., Jamestown. 000 X. Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
LYNCHBURG - 0124 FLOWERS BAKING COMPANY OF LYNCHBURG, LLC
1. Flowers Baking Co., 0000 Xxxxxxx Xxxx Xxxx, Xxxxxxxxx, XX 00000
2. 0000 X Xxxxxx Xxxx, Xxxxxxxx, XX 00000
3. 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
4. 000 X. Xxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
5. 000 Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
6. 0000 Xxxxx Xxxx Xxxxxx, Xxxxxxxxx, XX 00000
7. 0000 Xxxxxxxxxx, Xxxxxxxxx, XX 00000
8. I 00 Xxxxxxx Xxxx Xxxx, Xxxxxxx Xxxxx, XX 00000
9. 0000-0000 Xxxxxxxxxxxxxx Xxxxxxxx, Xxxxxxxxxxxxxx, XX 00000
10. 0000 Xxxxxxx Xxxx., Xxxxxxxx, XX 00000
11. 0000 Xxxxx Xxxxxx Xxxx, Xxxxxxxx, XX 00000
12. Xx. 0 Xxx 000 Xx-Xxxx Xxxxxxx, Xxxxxxxxx, XX 00000
13. 0000 Xxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000
14. 0000 Xxxx Xxxxxx, Xxxxxxxx, XX 00000
15. 00 Xxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
16. 0000 X Xxxx Xxxxxx, Xxxxxxxxxx, XX 00000
17. 0000 Xxxxxxxx Xxxxx, Xxxxxxxxx, XX 00000
18. 000 Xxxxxxx Xxxx, Xxxxxxxxxxxxxxx, XX 00000
19. 0000 Xxxxxxxxx, Xxxxxxxx Xxxxxxx, XX 00000
20. 000 Xxxxxxxxxx Xxxxx, Xxxxxxxxxxxxxxx, XX 00000
21. Xxx Xxxxx, Xxxxxxx Xxxxxxx, XX 00000
22. 0000 Xxxxxxx Xxxx Xxxx, Xxxxxxxxx, XX 00000
23. 000 Xxxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000
24. 000 X Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000
25. 0000 Xxxx Xxxxxxxx Xxxx, Xxxxxxxxxxxxxx, XX 00000
26. 0000Xxxxxxxxxxxxxx Xxxxxxxx, Xxxxxxxxxxxxxx, XX 00000
27. 000 X. Xxxxxx Xxxxxx, Xxxxx Xxxx, XX 00000
28. 0000 Xxxxxxx, Xxxxxxx, XX 00000
29. 000 Xxxxxxxx Xxxxxx, Xxxxx Xxxxxx, XX 00000
30. 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
31. 000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000
32. 000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
362
Exhibit C
Page 11
33. 000 Xxxxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000
34. 0000 Xxxxxxx Xxxx, Xxxxxxx, XX 00000
35. 000 XXXXX Xxxx Xxxxxx, Xxxxxxxx, XX 00000
36. 0000 Xxxxxxxxxx Xxxx, Xxxxxxx, XX 00000
37. Xxxxxxx 000, Xxxxxx XX 00000
38. Xxxxxxx 0(xx Xxxx Xxxxx), Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxxxxxx, XX 00000
39. 0000 Xxxxxxxxxxxx Xxxx, Xxxxxxxx, XX 00000
DONUT HOUSE - 0135 THE DONUT HOUSE, LLC
1. Main Bakery, 0000 XxxXxxxxx Xxxxxx XX, Xxxxx Xxxxxxxxxx, XX 00000
2. Allied Warehouse, 000 Xxxxxxxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
BLUEFIELD- 0139 FLOWERS BAKING COMPANY OF WEST VIRGINIA, LLC
1. Ashland Warehouse and Thrift Store, 0000 Xxxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000
2. Beckley Warehouse and Thrift Store, 000 Xxxxxxxx Xxxx, Xxxxxxx, XX 00000
3. Crab Orchard Thrift Store, Xxxxxx X. Xxxx Xxxxx, Xxxxxxx, XX 00000
4. Big Stone Gap Warehouse, Route 23 (5 miles South of Big Stone Gap), Big Xxxxx
Xxx, XX 00000
5. Bluefield Avenue Thrift Store, 0000 Xxxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
6. Main Bakery & Thrift Store, Coal Heritage Road, Bluefield, WV 24701
7. Bridgeport Thrift Store, 000 Xxxx Xxxx Xxxxxx, Xxxxxxxxxx, XX 00000
8. Buchanon Thrift Store, Xxxxx 0, Xxx 000, Xxxxxxxxxx, XX 00000
9. Xxxxxx Avenue Thrift Store, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
10. Kanawha City Warehouse & Thrift Store, 0000 XxxXxxxxx Xxxxxx X.X..
Xxxxxxxxxx, XX 00000
11. Clarksburg Warehouse & Thrift Store, 0000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxxx,
XX 00000
12. Elkins Warehouse & Thrift Store, 000 00xx Xxxxxx & Xxxx Xxxxxx, Xxxxxx, XX
00000
13. Fairmont Thrift Store, 000 Xxxxxxxxxx, Xxxxxx, Xxxxxxxx, XX 00000
14. Xxxxxxxx Xxxxxxxxx, Xxxxxxx Xxxxxx, Xxxxxxxx, XX 00000
15. Gallipolis Warehouse, 000 Xxxxxxx Xxxx, Xxxxxxxxxx, XX 00000
16. Gassaway Warehouse, 000 Xxxxxx Xxxx, Xxxxxxxx, XX 00000
17. Harlan Warehouse, Beside Xxxxxx, KY Xxxx Xxxxxx, Xxxxxx, XX 00000
18. Hazard Warehouse, Xxxxxxx 00 Xxxx, Xxxxx, XX 00000
19. Keen Mountain Warehouse, Xxxxx 000, Xxxx Xxxxxxxx, XX 00000
20. Marion Warehouse, 000 Xxxxx Xxxx Xxxxxx, Xxxxxx, XX 00000
21. Parkersburg Warehouse, 000 Xxxxxxxx Xxxxx, Xxxxxxxxxxx, XX 00000
22. 0xx Xxxxxx Thrift Store, 0xx Xxxxxx, Xxxxxxxxxxx, XX 00000
23. Pikeville Thrift Store, 0000 Xxxxx 0, Xxxxx Xxxx, Xxxxxxxxx, XX 00000
24. Portsmouth Warehouse & Thrift Store, 0000 Xxxxx Xxxxxx. Xxxxxxxxxx, XX 00000
25. Prestonsburg Warehouse & Thrift Store, 000 Xxxx Xxxxxx, X. Xxxxxxxxxxxx, XX
00000
26. Princeton Thrift Store, 000 Xxxxx Xxxxxx. Xxxxxxxxx, XX 00000
27. Radford Warehouse & Thrift Store, Xxxxx 0000, Xxxxxxx, XX 00000
28. Rainelle Warehouse, Xxxxx 00, XxXxxxx, Xxxxxxxx, XX 00000
29. Summersville Warehouse, 000 Xxxxxxxx Xxxx, Xxxxxxxxxxxx, XX 00000
30. Williamson Warehouse, 0000 0xx Xxxxxx, Xxxxxxxxxx, XX 00000
363
Exhibit C
Page 12
FBC OF BRADENTON - 0140 FLOWERS BAKING COMPANY OF BRADENTON, LLC
1. Tampa West-Warehouse, 0000 Xxxxx Xxxx Xxxx., Xxxxx, Xx 00000
2. Tampa East-Warehouse, 0000 Xxxxx Xxxx.,, Xxxxx, XX 00000
3. Zephyrhills-Warehouse, 0000 Xxxxxxx Xxxx,, Xxxxxxxxxxx, XX 00000
4. Lakeland-Warehouse, 0000 Xxxxxxxxx, Xxxxxxxx, XX 00000
5. Winter Haven-Warehouse, 000 Xxxxxxxx Xxxxx XX, Xxxxxx Xxxxx, XX 00000
6. Sebring-Warehouse, -Thrift Store, 0000 XX 00 Xxxxx, Xxxxxxx, XX 00000
7. Hudson-Warehouse,-Thrift Store, 0000 XX 00, Xxxxxx, XX 00000
8. Palm Harbor-Warehouse,-Thrift Store, 00000 XX 00, Xxxx Xxxxx, XX 00000
9. Joe's Creek-Warehouse, 0000 00xx Xxxxxx Xxxxx, Xxxxx Xxxxxxxxxx, XX 00000
10. Xxxxxxx Road-Warehouse, 0000 000 xx Xxxxxx Xxxxx, Xxxxxxxxxx, XX 00000
11. Manasota-Warehouse, 0000 Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000
12. Port Charlotte Warehouse,-Thrift Store, 00000 Xxxxxxxx Xxxxx, Xxxxxxxxx
Xxxxxx, XX 00000
13. Fort Xxxxx-Warehouse,-Thrift Store, 00000 Xxxxx Xxxxxxx, Xxxxx Xxxxx, XX
00000
14. Naples Warehouse,-Thrift Store, 000 Xxxxxxxxxx Xxxx., Xxxxxx, XX 00000
15. Xxxx Xxxx Warehouse,-Thrift Store, 0000 Xxxxxxx Xxxxx, Xxxxxxx, XX 00000
16. Leesburg-Warehouse,-Thrift Store, 0000 Xxxx Xxxx Xxxxxx, Xxxxxxxx, XX 00000
17. Inverness-Warehouse, -Thrift Store, 0000 Xxxxxxx 00 Xxxx, Xxxxxxxxx, XX
00000
18. Clemson-Warehouse, 0000 Xxxxxxx Xxxx, Xxxxxxx, XX 00000
19. Kissimmee-Warehouse,-Thrift Store, 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000
20. Winter Park_Warehouse,-Thrift Store, 0000 Xxxxxxx Xxxx Xxxx, Xxxxxx Xxxx, XX
00000
21. Bayshore-Thrift Store, 0000 Xxxxxxx Xxxxx, Xxxxx Xxxx Xxxxx, XX 00000
22. North Port-Thrift Store, 00000 Xxxxxxx Xxxxx, Xxxxx Xxxx, XX 00000
23. Bradenton Bakery-Thrift Store, 0000 Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000
24. Bradenton-Thrift Store, 0000 0Xx Xxxxxx Xxxx, Xxxx 000, Xxxxxxxxx, XX 00000
25. 54th Avenue-Thrift Store, 0000 00xx Xxxxxx Xxxxx, Xxxxxxxx, XX 00000
26. Holiday-Thrift Store, 0000 Xxxxx Xxxx., Xxxxxxx, XX 00000
27. Zephyrhills-Thrift Store, 0000 Xxxx Xxxx., Xxxxxxxxxxx, XX 00000
28. Eustis-Thrift Store, 0000 Xxx Xxxxxx, Xxxxxx, XX 00000
29. Xxxxxx-Xxxxxx Store, 000 X. Xxxxxx, Xxxxx, XX 00000
30. Brandon-Thrift Store, 000 Xxxxx Xxxxxxx Xxxxx, Xxxxxxx, XX 00000
31. Plant City-Thrift Store, 000 Xxxxxxx Xxxxx, Xxxxx Xxxx, XX 00000
32. Lakeland-Thrift Store, 0000 Xxxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000
33. Winter Haven-Thrift Store, 0000 Xxxxxxxxx Xxxx., Xxxxxx Xxxxx, XX 00000
34. Hiawassee-Thrift Store, 0000 Xxxxxxxxx Xxxx, Xxxxxxx, XX 00000
35. Casselberry-Thrift Store, 0000 Xxxxx Xxxxxxx 00/00, Xxxxxxxxxxx, XX 00000
TEXARKANA #145 FLOWERS BAKING COMPANY OF TEXARKANA, LLC
1. #0 Xxx Xxxxxx Xxxxx, Xxxxxxxxx, XX 00000
364
Exhibit C
Page 13
BATON ROUGE - 0149 FLOWERS BAKING COMPANY OF BATON ROUGE, LLC
1. Beaumont Street, 0000 Xxxxxxxx Xxxxxx, Xxxxx Xxxxx, XX 00000
2. Hammond, 0000 Xxxxxxxx Xxxx, Xxxxxxx, XX 00000
3. Covington, Highway. 000 Xxxxx (Xxxxxxxxxx Xxxxxxx), Xxxxxxxxx, XX 00000
4. L & A Road, 0000 X & X Xxxx, Xxxxxxxx, XX 00000
5. Xxxxxxxx, 0000 Xxxxxxxx Xxxxx, Xxx Xxxxxxx, XX 00000
6. Westwego, 0000 Xxxxxx X., Xxxxxxxx, XX 00000
7. O'Xxxx Xxxx, 000 X'Xxxx Xxxx, Xxxxx Xxxxx, XX 00000
8. McComb , 000 Xxxxxx X, XxXxxx, XX 00000
9. Natchez, 000 Xxxxxxxx Xxxx., Xxxxxxx, XX 00000
10. Jackson, 0000 Xxxxxxx. 00 Xxxx, Xxxxx, XX 00000
11. Hattiesburg, 0000 Xxxxxxx 00, Xxxxxxxxxxx, XX 00000
12. Greenville, Mississippi, Xxxxxxx 00 Xxxx, Xxxxxxxxxx, XX 00000
13. Baton Rouge Sunbeam Discount, 000 X'Xxxx Xxxx, Xxxxx Xxxxx, XX 00000
14. Baton Rouge Sunbeam Discount, 0000 Xxxxxxx Xxxx., Xxxxxx Xxxxxxx, XX 00000
15. Sunbeam Discount Bakery Store, 44009 Stein Road, Hammond, LA 70403
16. Sunbeam Discount Bakery Store, 1906 Collins Blvd., Suite 1, Covington LA
70433
17. Sunbeam Discount Bakery Store, 157 Highway 61-South #11, Natchez, MS 39120
18. Sunbeam Discount Bakery Store, 1401 Aston Avenue, McComb, MS 39648
19. Sunbeam Discount Bakery Store, 4360 Washington Avenue, New Orleans, LA 70125
20. Sunbeam Discount Bakery Store, 6735 St. Claude Avenue, Arabi, LA 70043
21. Sunbeam Discount Bakery Store, 7520 Westbank Expressway, Marrero, LA 70072
22. Sunbeam Discount Bakery Store, 1627 & 29 Williams Blvd., Kenner, LA 70062
23. Bunny Bread, 4635 Highway. 80 East, Pearl, MS 39208
24. Bunny Bread, 203 Highway. 51, Ridgeland, MS 39157
25. Bunny Bread, 5075 Highway 42, Hattiesburg, MS 39402
26. Sunbeam Discount Bakery Store, 2972 Florida Blvd., Baton Rouge, LA 70802
EL PASO BAKING CO. #152 EL PASO BAKING COMPANY, LLC
1. El Paso Baking Co. Inc., 301 North Dallas Street, El Paso TX 79901
2. Eagle Thrift Store, & Warehouse, 450 Eagle Drive, El Paso, TX 79912
3. Zaragosa Thrift Store & Warehouse, 1530 Zaragoza Drive, El Paso, TX 79936
4. Yandell Thrift Store, 2430 E Yandell, El Paso, TX 79901
5. Las Cruces Thrift Store, & Warehouse, 601 W Amador, Las Cruces, NM 88001
6. Peralta Thrift Store, & Warehouse, 2472 Bosque Farms, Peralta, NM 87042
7. Albuquerque Warehouse, 4944 Jefferson NE, Albuquerque, NM 87109
8. Alamogordo Warehouse, 2401 Lawrence, Alamogordo, NM 88310
9. Carlsbad Warehouse, 304 S 6th Street Unit 8318, Carlsbad, NM 88220
10. Clovis Warehouse, 2122 N Ross Street, Clovis, NM 88101
11. Deming Warehouse, 1010 South Diamond Unit 310, Deming, NM 88030
12. Espanola Warehouse, Highway 68 Bldg 950-G, Espanola, NM 87533
13. Lordsburg Warehouse, 100 Main Street, Lordsburg, NM 88045
14. Santa Fe Warehouse, 2859 Cooks Road Unit C, Santa Fe, NM 87501
15. Silver City Warehouse, 4028 Highway 90 South, Silver City, NM 88061
16. Taos Warehouse, Bertha Road, Taos, NM 87521
365
Exhibit C
Page 14
17. T or C Warehouse, 800 North Cedar Unit 3, T or C, NM 87901
18. Roswell Warehouse, 5703 S Main Street, Unit D53 & E03, Roswell, NM 88201
19. Ft. Stockton Warehouse, 1509 West 11th B, Fort Stockton, TX 79735
20. Marfa Warehouse, 200 Block North Russell, Marfa, TX 79843
21. Van Horn Warehouse, West 2nd Street, Van Horn, TX 79855
BAILEY STREET BAKERY (MIDTOWN) - 0180
1. Midtown Bakery Inc., 165 Bailey Street, Atlanta, GA 30314
GOLDSBORO - #181 FRANKLIN BAKING COMPANY - #181
1. Goldsboro Thrift Store & Warehouse, 500W Grantham Street, Goldsboro, NC 27530
2. Kinston Thrift Store & Warehouse, Route 8 Box 148, Kinston, NC 28501
3. New Bern Thrift Store & Warehouse, 2002 Oaks Road, New Bern, NC 28560
4. Jacksonville Thrift Store & Warehouse, 805 Richlands Highway, Jacksonville,
NC 28540
5. Wilmington Thrift Store & Warehouse, 2115 Castle Street, Wilmington, NC 28403
6. Morehead Thrift Store & Warehouse, 118 Industrial Drive, Morehead City, NC
28557
7. Greenville Thrift Store & Warehouse, 1107 Myrtle Avenue, Greenville, NC 27834
8. Rocky Mt. Thrift Store & Warehouse, 2917 South Church Street, Rocky Mount, NC
27801
9. Windsor Thrift Store & Warehouse, 436 US 13 Bypass, Windsor, NC 27983
10. Fayetteville Thrift Store & Warehouse, 2407 Hope Mills Road, Fayetteville,
NC 28304
11. Dunn Thrift Store & Warehouse, 500 North McKay Avenue, Dunn, NC 28334
12. Raleigh Thrift Store & Warehouse, 1404 Bloodworth Street, Raleigh, NC 27610
13. Whiteville Thrift Store & Warehouse, 701 By-Pass Powell Road, Whiteville, NC
28473
14. Manteo Thrift Store & Warehouse, Highway 264/64 Manns Harbor, Manns Harbor,
NC 27954
15. Raleigh Spring Forest T.S. & Warehouse, 3618 Spring Forest Road, Raleigh, NC
27610
16. Washington Thrift Store & Warehouse, Rt. 4 Box 290, Washington, NC 27889
17. Lumberton Thrift Store & Warehouse, Highway 24 East, Lumberton, NC 28358
18. Clinton Thrift Store & Warehouse, Highway 701 - Hobbton Highway, Clinton ,
NC 28329
19. Kinston(Dainty Maid) Thrift Store, 2006 N Queen Street, Kinston, NC 28504
20. Murfreesboro Thrift Store & Warehouse, Highway 258, Murfreesboro, NC 27844
21. Wilmington Thrift Store, 1055 South College Street, Wilmington, NC 28403
22. Kecoughtan Thrift Store, 3760 Kecoughtan Road, Hampton, VA 23669
23. Plaza Thrift Store & Warehouse, 120 South Plaza Trail, Virginia Beach, VA
23452
24. Pembroke Thrift Store, 601 East Pembroke Avenue, Hampton, VA 23669
25. Indian River T.S. & Warehouse, 6001 E. Indian River Road, Virginia Beach, VA
23464
26. Portsmouth Thrift Store & Warehouse, 3500 Airline Road, Portsmouth, VA 23701
27. Great Bridge T.S. & Warehouse, 800 South Battlefield Blvd., Chesapeake, VA
23320
28. Suffolk Thrift Store, 1160 Proctor Street, Suffolk, VA 23434
29. Whitemarsh T.S. & Warehouse,4872 George Washington Highway, Whitemarsh, VA
23061
30. Denbigh Thrift Store & Warehouse, 14440 Old Courthouse Road, Denbigh, VA
23606
366
Exhibit C
Page 15
BIRMINGHAM - #0182 HOME BAKING COMPANY - #0182
1. 900 16th Street North, Birmingham, Alabama 35203
MEMPHIS #183 FLOWERS BAKING COMPANY OF MEMPHIS, LLC
1. FBC of Memphis, 1029 South Florida Street, Memphis , TN 38106
2. Parkway Distribution Center, 157 South Parkway East, Memphis, TN 38106
SAN ANTONIO #170, BUTTERKRUST BAKERY INC. #170
1. Thrift Store 4601, 66 El Paso Street, San Antonio, TX 78204
2. Thrift Store 4602, 1823 South Zarzamora, San Antonio, TX 78207
3. Thrift Store 4603, 2332 North St. Mary's Street, San Antonio, TX 78212
4. Thrift Store 4605, 1221 Pat Booker Road, San Antonio, TX 78148
5. Thrift Store 4606, 1128 Bandera Road, San Antonio, TX 78228
6. Thrift Store 4607, 2622 Goliad, San Antonio, TX 78223
7. Thrift Store 4609, 131 Old Highway 90 West, San Antonio, TX 78237
8. Thrift Store 4610, 5401 South Flores, San Antonio, TX 78214
9. Thrift Store 4615, 1923 Rigsby, San Antonio, TX 78210
10. Thrift Store 4657 & Warehouse, 507 Priest, Killeen, TX 76541
11. Thrift Store 4624, 416 North Washington, Beeville, TX 78102
12. Thrift Store 4621, 1725 East Main, Alice, TX 78332
13. Thrift Store 4622, 2201 North Laurent, Victoria, TX 77901
14. Thrift Store 4620, 2815 Leopard, Corpus Christ, TX 78408
15. Thrift Store 4626 & Warehouse, 2001 Ayers, Corpus Christ, TX 78404
16. Thrift Store 4651, 5812 Airport Blvd., Austin, TX 78752
17. Thrift Store 4659 & Warehouse, 522 Linda Lane, San Marcos, TX 78666
18. Thrift Store 4611 & Warehouse, 102 Schreiner, Kerrville, TX 78028
19. Thrift Store 4612 & Warehouse, 201 North Grove, Uvalde, TX 78801
20. Thrift Store 4616, 800 Business 35 #100, New Braunfels, TX 78130
21. Thrift Store 4614, 1742 E. Main Street, Eagle Pass, TX 78852
22. Thrift Store 4634 & Warehouse, 3012 North First, Abilene, TX 79601
23. Thrift Store 4633, 3534 Sherwood, San Angelo, TX 76901
24. Thrift Store 4627 & Warehouse, 2025 W. Highway 77, San Benito, TX 78586
25. Thrift Store 4628 & Warehouse, 2901 North Arkansas, Laredo, TX 78041
26. Thrift Store 4623 & Warehouse, 117 E. Ferguson, Pharr, TX 78755
27. Thrift Store 4654, 1005 South Coulter, Bryan, TX 77807
28. Alice Warehouse, 900 Avenue C, Alice TX, 78332
29. Austin Warehouse, 12301 North Lamar, Austin, TX 78753
30. Big Spring Warehouse, 1009 West Fourth Street, Big Spring, TX 79720
31. Brenham Warehouse, 2314 Market Street, Brenham, TX 77833
32. Brownwood Warehouse, 825 West Commerce, Brownwood, TX 76801
33. Bryan Warehouse, 305 East Dodge, Bryan, TX 77807
34. Burnet Warehouse, 410 Silver, Burnet, TX 78611
35. Devine Warehouse, 310 South Teel, Devine, TX 78016
36. Eagle Pass Warehouse, 1727 Main Street, Eagle Pass, TX 78852
367
Exhibit C
Page 16
37. Giddings Warehouse, 784 North Burleson, Giddings, TX 78666
38. Gonzales Warehouse, Rt. 5 Box 9, Gonzales, TX 78629
39. New Braunfels Warehouse, 203 Lucinda, New Braunfels, TX 78130
40. Modessa Warehouse, 11601 County Road, 125, Odessa, TX 79702
41. Pleasanton Warehouse, 214 West Street, Pleasanton, TX 78064
42. Rio Grande City Warehouse, 1201 W. Main, Rio Grande City, TX 78582
43. Rockdale Warehouse, 1106 W. Cameron, Rockdale, TX 76567
44. San Angelo Warehouse, 816 Warehouse Road, San Angelo, TX 76904
45. Laredo Street Warehouse, 802 South Laredo, San Antonio, TX 78204
46. San Saba Warehouse, 706 North High, San Saba, TX 76877
47. Schulenburg Warehouse, 402 Bucek, Schulenburg, TX 78956
48. Temple Warehouse, 2923 W. Avenue K, Temple, TX 76502
49. Victoria Warehouse, 1304 Ben Jordan, Victoria, TX 77901
50. Bastrop Warehouse, 290 Industrial, Bastrop, TX 78602
51. Del Rio Warehouse, 1108 E. Gibbs, Del Rio, TX 78840
52. Main Location, 6000 NE. Loop 410, San Antonio, TX 78218
368
EXHIBIT C
Page 17
MRS. SMITH'S BAKERIES AND ITS SUBSIDIARIES
1. MRS. SMITH'S BRANDS, INC.
NONE.
2. EUROPEAN BAKERS, LLC
5055 South Royal Atlanta Dr., Tucker, GA 30084 Dekalb
5087-E South Royal Atlanta Dr., Tucker, GA 30084 Dekalb - CLOSED
3. AUNT FANNY'S BAKERY, LLC
1039 Grant Street, Atlanta, GA 30315 Fulton
4. DAN-CO BAKERY, LLC
301 Monty Ind. Blvd., Forest Park, GA 30297 Clayton
309 Cash Memorial Blvd., Forest Park, GA 30297 Clayton
5. DANIEL'S HOME BAKERY OF NORTH CAROLINA, LLC
701 S. Jones Street, Pembroke, NC 28372 Robeson
12600 Airport Road, Maxton, NC 28364
6. MRS. SMITH'S SALES SUPPORT GROUP, LLC
2855 Rolling Pin Lane, Suwanee, GA 30024
2825 Rolling Pin Lane, Suwanee, GA 30024
3100 BRECKINRIDGE BLVD., DULUTH, GA - CLOSED
145 N. JONATHAN BLVD., CHASKA, MN - CLOSED
7. MRS. SMITH'S FOIL CO., LLC
255 South Street, Pottstown, PA 19464 Montgomery
8. MRS. SMITH'S BAKERIES FROZEN DISTRIBUTORS, LLC
2900 Rolling Pin Lane, Suite A, Suwanee, GA 30024
9. MRS. SMITH'S BAKERIES OF PENNSYLVANIA, LLC
Cherry & Charlotte Street, Pottstown, PA 19464 - CLOSED
Fricks Lock Road & Sanatoga Road, Pottstown, PA 19464 - CLOSED
10. FLOWERS SPECIALTY FOODS OF MONTGOMERY, LLC
140 Folmar Parkway, Hope Hull, AL 36105
1286 Hardwick Street, Montgomery, AL 36108
1305 Wilbanks Street, Montgomery, AL 36108
11. FLOWERS BAKING COMPANY OF FOUNTAIN INN, LLC
1405 South Main Street, Fountain Inn, SC 29644 - SOLD
South Main Street, Fountain Inn, SC 29644 - SOLD
12. FLOWERS FRESH BAKERY DISTRIBUTORS, INC.
1411 Mt. Road, Andersonville, TN 37705
13. MRS. SMITH'S BAKERY OF LONDON, LLC
501 4th Avenue, London, KY 40741
Corner Locust & E. 4th Avenue, London, KY 40741 Laurel
369
EXHIBIT C
Page 18
Hilltop North 25, London, KY 40741 Laurel
Tobacco Rd-Lon Tob Mkt. Bldg. 4, London, KY 40741 Laurel
14. FLOWERS BAKING COMPANY OF SPARTANBURG, LLC
7001 Asheville Highway, Spartanburg, SC 29303
3101 North Blackstock Road, Spartanburg, SC 29301
7002 Asheville Highway, Spartanburg, SC 29303
3301 Industrial Drive, Simpsonville, SC 29644
7101 Ashville Highway, Spartanburg, SC 29303
308 South Main Street, Fountain Inn, SC 29644
Case Street, Fountain Inn, SC 29681
15. FLOWERS BAKING COMPANY OF CROSSVILLE, LLC
1601 North Main Street, Crossville, TN 38555
68 South, Crossville, TN 38555
1601 North Main, Crossville, TN 38555
75 Baker Lane, Crossville, TN 38555
16. MRS. SMITH'S BAKERY OF STILWELL, LLC
5 East Walnut Street, Stilwell, OK 74960
Oklahoma Street, Stilwell, OK 74960
Highway 59 (North Grainery), Stilwell, OK 74960
17. MRS. SMITH'S BAKERIES, LLC
5315 Oakbrook Parkway, Norcross, GA 30093 Gwinnett
2855 Rolling Pin Lane, Suwanee, GA 30024 Gwinnett
300 Lake Hazeltine Drive, Chaska, MN 55318
18. MRS. SMITH'S BAKERY OF SUWANEE, LLC
2900 Rolling Pin Lane, Suite B, Suwanee, GA 30024
OFF-SITE INVENTORY LOCATIONS FOR
MRS. SMITH'S BAKERIES, LLC AND ITS SUBSIDIARIES
1000 South Oklahoma St., Stilwell, OK 74960
4124 24th Avenue, Forest Grove, OR 97116
1440 Silverton Road, Woodburn, OR 97071
6032 Joyfield Street, Frankfort, MI 49635
23303 N.E. Sandy Blvd., Troutdale, OR 97060
1151 S. Griswold, Hart, MI 49420
7916 West Bellevue Road, Atwater, CA 95301
2525 Ewald Avenue S. E., Salem, OR 97302
9501 S.E. McLughlini Blvd., Portland, OR 97269-2052
P.O. Box 268, Walcott, NY 14590
P.O. Box 549, Fayetteville, AR 72702
233 Winter Road, Franklin, ME 04634
370
EXHIBIT C
Page 19
2966 Highland Blvd., Hudsonville, MI 49426
3815 Marion Street, Albany, OR 97321
7161 N. West Bay Shore Drive, Omena, MI 49674
5625 West 12000 South, Payson, UT 84651
1440 Salem Industrial Way, Salem, OR 97303
3122 Stahlbush Island Road, Corvallis, OR 97333-2709
4000 W. Military Highway, McAllen, TX 78501
6800 South Ware Road, McAllen, TX 78501
P.O. Box 177, Middleport, NY 14105
P.O. Box 247, Highway 31 East, Corsicana, TX 75151
2864 Eagandale Blvd., Eagan, MN 55121
P.O. Box 22052, 9501 S.E. McLughlin Blvd., Portland, OR 97269-2052
P.O. Box 312, 8424 W. 47th Street, Lyons, IL 60534-1760
13033 Artic Circle, Santa Fe Springs, CA 90670-5580
3300 East park Row Drive, Arlington, TX 76010
200 King Mill, McDonough, GA 30253
17400 E. Sacramento Street, Portland, OR 97230
1400 South 35th Street, P.O. Box 416, Galesburg, MI 49053
200 Railhead Road, Ft. Worth, TX 76106
16500 E. Truman Road, Independence, MO 64051
121 Roseway Drive, Thomasville, TN 37167
1740 Westgate Parkway, Atlanta, GA 30336
755 E. 1700 South Street, Clearfield, UT 84016-0441
1411 Mountain Road, Andersonville, TN 38000
2864 Eagandale Blvd., Eagan, MI 55121
7150 Ambassador Drive West, Fogelsville, PA 18051
6150 Xavier Drive S.W., Atlanta, GA 30336
1301 S. Keystone Avenue, Indianapolis, IN 46203
1845 Westgate Parkway, Atlanta, GA 30336
3691 Weston Road, Weston, Ontario, CANADA
17400 N.E. Sacramento Street, Portland, OR 97230
975 S. Caron Road, Rochelle, IL 61068
200 Railhead Road, Ft. Worth, TX 76106
1331 Civil War Road, Carthage, MO 64836
3320 S. Arlington Avenue , Indianapolis, IN 46203
1619 Antioch Church Road, Piedmont, SC 29673
1067 N. Main Street, Crossville, TN 38557
215 Industrial Park Road, Cartersville, GA 30121
1331 Civil War Road, Carthage, MO 64836
1740 Westgate Parkway, Atlanta, GA 30336
755 E. 1700 South Street, Clearfield, UT 84016-0441
1000 South Oklahoma, Stilwell, OK 74960
4300 Pleasantdale Road, Atlanta, GA 30340-3584
9507 McLoughlin, Portland, OR 97201
601 Twin Rail Drive, Minooka, IL 60447
371
EXHIBIT C
Page 20
5150 Pulaski, Dallas, TX 75247
13033 Arctic Circle, Santa Fe Springs, CA 90670
7132 Ruppsville Road, Allentown, PA 18106
One Civil War Road, Carthage, MO 64836
533 Laney-Walker Blvd., Augusta, GA 30901-3013
200 King Mill Road, McDonough, GA 30253
3521 Deforest Circle, Mira Loma, CA 91752
125 Threet Industrial Blvd., Smyrna, TN 37167
2088 Geneva Drive, Geneva, IL 60134
2707 N. Mead, Wichita, KS 67219
5055 S. Royal Atlanta Drive, Tucker, GA 30084
301 Cash Memorial Blvd., Forest Park, GA 30297
701 Jones Street, Pembroke, NC 28372
733 Old Main Road, Pembroke, NC 28372
P.O. Box 3524, Spartanburg, SC 29304
P.O. Box 5657, Greenville, SC 29606
P.O. Box 458, Simpsonville, SC 29681
21435 N.W. Cherry Lane, Hillsboro, OR 97124-6630
2555 Chantilly Drive, Atlanta, GA 30324-3789
75 Baker Lane, Crossville, TN 38555
P.O. Box 1773, London, KY 40741-1773
21435 N.W. Cherry Lane, Hillsboro, OR 97124-6630
23303 N.E. Sandy Blvd., Fairview, OR 97024
P.O. Box 60000, San Francisco, CA 94160-3306
P.O. Box 77, Breinigsville, PA 18031-0077
4730 W. Shelby Road, P.O. Box 116, Shelby, MI 49455
603 Joyfield Road, Frankfort, MI 49635
P.O. Box 172, San Antonio, TX 78291-0172
P.O. Box 891, Watsonville, CA 95077
P.O. Box 2066, Eugene, OR 97402
2401 Blue Springs Road S., Cleveland, TN 37311
129 Zenker Road, Lexington, SC 29072
1460 Lakes Parkway, Lawrenceville, GA 30043
1246 Main Avenue S.E., Hickory, NC 28603
5857 Collections Center Drive, Chicago, IL 60693
39 Pearce Industrial Road, Shelbyville, KY 40066
806 Penn Avenue, Sinking Spring, PA 19608
7401 S. 78th Avenue, Bridgeview, IL 60455
2 Superior Drive, Rome, GA 30161
411 E. Carroll Street, Tullahoma, TN 37388
5853 E. Ponce de Leon Ave., Stone Mountain, GA 30083
110 E. 10th Avenue, Kansas City, MO 64116
2000 Jabco Court, Unit A, Lithonia, GA 30058
5216 Pelham Road, Greenville, SC 29615
681 Piney Ridge Road, Forest City, NC 28043
372
EXHIBIT C
Page 21
21925 Industrial Blvd., Rogers, NC 55374
1600 Mountain Industrial Blvd., Stone Mountain, GA 30083
414 E. 14th Avenue, Kansas City, MO 64116
1333 Belfast Avenue, Columbus, GA 31904
1500 Industrial Blvd., Madison, GA 30650
1475 Erie, Kansas City, MO 64116
West Avenue, Wolcott, NY 14590
Thorsen Road, Ellsworth, ME 04605
373
ANNEX D
LIST OF TRADE AND FICTITIOUS NAMES
NONE
374
ANNEX E
LIST OF MARKS AND APPLICATIONS
NONE
375
ANNEX F
LIST OF PATENTS AND APPLICATIONS
NONE
376
Annex G
to
SECURITY AGREEMENT
LIST OF COPYRIGHTS AND APPLICATIONS
NONE
377
Annex H
to
SECURITY AGREEMENT
GRANT OF SECURITY INTEREST
IN UNITED STATES TRADEMARKS
FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which
are hereby acknowledged, [Name of Grantor], a __________ corporation (the
"Grantor") with principal offices at ____________________________, hereby
assigns and grants to Bankers Trust Company, as Collateral Agent, with principal
offices at 130 Liberty Street, New York, New York 10006 (the "Grantee"), a
security interest in (i) all of the Grantor's right, title and interest in and
to the United States trademarks, trademark registrations and trademark
applications (the "Marks") set forth on Schedule A attached hereto, (ii) all
Proceeds (as such term is defined in the Security Agreement referred to below)
and products of the Marks, (iii) the goodwill of the businesses with which the
Marks are associated and (iv) all causes of action arising prior to or after the
date hereof for infringement of any of the Marks or unfair competition regarding
the same.
THIS GRANT is made to secure the satisfactory performance and payment
of all the Obligations of the Grantor, as such term is defined in the Security
Agreement among the Grantor, the other assignors from time to time party thereto
and the Grantee, dated as of March 26, 2001 (as amended from time to time, the
"Security Agreement"). Upon the occurrence of the Termination Date (as defined
in the Security Agreement), the Grantee shall, upon such satisfaction, execute,
acknowledge, and deliver to the Grantor an instrument in writing releasing the
security interest in the Marks acquired under this Grant.
This Grant has been granted in conjunction with the security interest
granted to the Grantee under the Security Agreement. The rights and remedies of
the Grantee with respect to the security interest granted herein are as set
forth in the Security Agreement, all terms and provisions of which are
incorporated herein by reference. In the event that any provisions of this Grant
are deemed to conflict with the Security Agreement, the provisions of the
Security Agreement shall govern.
* * *
378
ANNEX H
Page 2
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the ____ day of _________, ____.
[NAME OF GRANTOR], Grantor
By
--------------------------------
Name:
Title:
BANKERS TRUST COMPANY,
as Collateral Agent, Grantee
By
--------------------------------
Name:
Title:
379
STATE OF __________ )
) ss.:
COUNTY OF __________ )
On this ____ day of _________, ____, before me personally came ________
_________________ who, being by me duly sworn, did state as follows: that [s]he
is _______________ of [Name of Grantor], that [s]he is authorized to execute the
foregoing Grant on behalf of said corporation and that [s]he did so by authority
of the Board of Directors of said corporation.
----------------------------
Notary Public
380
STATE OF __________ )
) ss.:
COUNTY OF __________ )
On this ____ day of _________, ____, before me personally came ________
_________________ who, being by me duly sworn, did state as follows: that [s]he
is _______________ of Bankers Trust Company that [s]he is authorized to execute
the foregoing Grant on behalf of said corporation and that [s]he did so by
authority of the Board of Directors of said corporation.
----------------------------
Notary Public
381
SCHEDULE A
MARK REG. NO. REG. DATE
---- -------- ---------
382
ANNEX I
to
SECURITY AGREEMENT
GRANT OF SECURITY INTEREST
IN UNITED STATES PATENTS
FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency
of which are hereby acknowledged, [Name of Grantor], a __________ corporation
(the "Grantor") with principal offices at ____________________________, hereby
assigns and grants to Bankers Trust Company, as Collateral Agent, with principal
offices at 130 Liberty Street, New York, New York 10006 (the "Grantee"), a
security interest in (i) all of the Grantor's right, title and interest in and
to the United States patents and pending patent applications (the "Patents") set
forth on Schedule A attached hereto, (ii) all Proceeds (as such term is defined
in the Security Agreement referred to below) and products of the Patents, and
(iii) all causes of action arising prior to or after the date hereof for
infringement of any of the Patents or unfair competition regarding the same.
THIS GRANT is made to secure the satisfactory performance and
payment of all the Obligations of the Grantor, as such term is defined in the
Security Agreement among the Grantor, the other assignors from time to time
party thereto and the Grantee, dated as of March 26, 2001 (as amended from time
to time, the "Security Agreement"). Upon the occurrence of the Termination Date
(as defined in the Security Agreement), the Grantee shall, upon such
satisfaction, execute, acknowledge, and deliver to the Grantor an instrument in
writing releasing the security interest in the Patents acquired under this
Grant.
This Grant has been granted in conjunction with the security
interest granted to the Grantee under the Security Agreement. The rights and
remedies of the Grantee with respect to the security interest granted herein are
as set forth in the Security Agreement, all terms and provisions of which are
incorporated herein by reference. In the event that any provisions of this Grant
are deemed to conflict with the Security Agreement, the provisions of the
Security Agreement shall govern.
* * *
383
Annex I
Page 2
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the ____ day of _________, ____.
[NAME OF GRANTOR], Grantor
By
---------------------------
Name:
Title:
BANKERS TRUST COMPANY,
as Collateral Agent, Grantee
By
---------------------------
Name:
Title:
384
STATE OF __________ )
) ss.:
COUNTY OF __________ )
On this ____ day of _________, ____, before me personally came
________ _________________ who, being by me duly sworn, did state as follows:
that [s]he is _______________ of [Name of Grantor], that [s]he is authorized to
execute the foregoing Grant on behalf of said corporation and that [s]he did so
by authority of the Board of Directors of said corporation.
----------------------------
Notary Public
385
STATE OF __________ )
) ss.:
COUNTY OF __________ )
On this ____ day of _________, ____, before me personally came
________ _____________________ who, being by me duly sworn, did state as
follows: that [s]he is __________________ of Bankers Trust Company that [s]he is
authorized to execute the foregoing Grant on behalf of said corporation and that
[s]he did so by authority of the Board of Directors of said corporation.
----------------------------
Notary Public
386
SCHEDULE A
PATENT PATENT NO. ISSUE DATE
------ ---------- ----------
387
ANNEX J
to
SECURITY AGREEMENT
GRANT OF SECURITY INTEREST
IN UNITED STATES COPYRIGHTS
WHEREAS, [Name of Grantor], a _______________ corporation (the
"Grantor"), having its chief executive office at , , is the owner of all right,
title and interest in and to the United States copyrights and associated United
States copyright registrations and applications for registration set forth in
Schedule A attached hereto;
WHEREAS, BANKERS TRUST COMPANY, as Collateral Agent, having
its principal offices at 130 Liberty Street, New York, New York 10006 (the
"Grantee"), desires to acquire a security interest in said copyrights and
copyright registrations and applications therefor; and
WHEREAS, the Grantor is willing to assign to the Grantee, and
to grant to the Grantee a security interest in and lien upon the copyrights and
copyright registrations and applications therefor described above.
NOW, THEREFORE, for good and valuable consideration, the
receipt of which is hereby acknowledged, and subject to the terms and conditions
of the Security Agreement, dated as of March 26, 2001, made by the Grantor, the
other assignors from time to time party thereto and the Grantee (as amended from
time to time, the "Security Agreement"), the Grantor hereby assigns to the
Grantee as collateral security, and grants to the Grantee a security interest
in, and lien upon all of Grantor's right, title and interest in and to Grantor's
copyrights and copyright registrations and applications therefor more
particularly set forth on Schedule A attached hereto (the "Copyrights"),
together with (i) all Proceeds (as such term is defined in the Security
Agreement) of the Copyrights, and (ii) all causes of action arising prior to or
after the date hereof for infringement of any Copyright.
This Grant of Security Interest is made to secure the
satisfactory performance and payment of all the Obligations (as such term is
defined in the Security Agreement) of the Grantor and shall be effective as of
the date of the Security Agreement. Upon the occurrence of the Termination Date
(as defined in the Security Agreement), the Grantee shall, upon such
satisfaction, execute, acknowledge, and deliver to Grantor an instrument in
writing releasing the security interest in the copyrights acquired under this
Grant of Security Interest.
This Grant has been granted in conjunction with the security
interest granted to the Grantee under the Security Agreement. The rights and
remedies of the Grantee with respect to the security interest granted herein are
as set forth in the Security Agreement, all terms and provisions of which are
incorporated herein by reference. In the event that any provisions of this Grant
are deemed to conflict with the Security Agreement, the provisions of the
Security Agreement shall govern.
388
Annex J
Page 2
Executed at __________, __________, the __ day of _________,
____.
[NAME OF GRANTOR], as Grantor
By
--------------------------
Name:
Title:
BANKERS TRUST COMPANY, as
Collateral Agent, Grantee
By
--------------------------
Name:
Title:
389
STATE OF __________ )
) ss.:
COUNTY OF __________ )
On this __ day of _________, ____, before me personally came
___________ _______________, who being duly sworn, did depose and say that [s]he
is ___________________ of [Name of Grantor], that [s]he is authorized to execute
the foregoing Grant on behalf of said corporation and that [s]he did so by
authority of the Board of Directors of said corporation.
----------------------------
Notary Public
390
STATE OF __________ )
) ss.:
COUNTY OF __________ )
On this ____ day of _________, ____, before me personally came
________ _____________________ who, being by me duly sworn, did state as
follows: that [s]he is __________________ of Bankers Trust Company that [s]he is
authorized to execute the foregoing Grant on behalf of said corporation and that
[s]he did so by authority of the Board of Directors of said corporation.
----------------------------
Notary Public
391
SCHEDULE A
U.S. COPYRIGHTS
REGISTRATION PUBLICATION
NUMBERS DATE COPYRIGHT TITLE
---------------- ------------------- ----------------
392
Exhibit J
SOLVENCY CERTIFICATE
I, the undersigned, the Chief Financial Officer of Flowers
Foods, Inc., a Georgia corporation (the "Company"), do hereby certify in such
capacity and on behalf of the Company that:
1. This Certificate is furnished to the Agents and each of the
Lenders pursuant to Section 5.15(i) of the Credit Agreement, dated as of March
26, 2001, among the Company, the lenders party thereto from time to time (the
"Lenders"), SunTrust Bank, as Syndication Agent, and Bankers Trust Company, as
Administrative Agent (such Credit Agreement, as in effect on the date of this
Certificate, being herein called the "Credit Agreement"). Unless otherwise
defined herein, capitalized terms used in this Certificate shall have the
meanings set forth in the Credit Agreement.
2. For purposes of this Certificate, the terms below shall
have the following definitions:
(a) "Fair Value"
The amount at which the assets, in their entirety, of each of
the Company on a stand-alone basis, the Company and its
Subsidiaries taken as a whole, Flower Industries, Inc., a
Georgia Corporation ("Flowers Industries") on a stand-alone
basis, and Flower Industries and its Subsidiaries taken as a
whole, would change hands between a willing buyer and a
willing seller, within a commercially reasonable period of
time, each having reasonable knowledge of the relevant facts,
with neither being under any compulsion to act.
(b) "Present Fair Salable Value"
The amount that could be obtained by an independent willing
seller from an independent willing buyer if the assets of each
of the Company on a stand-alone basis, the Company and its
Subsidiaries taken as a whole, Flower Industries on a
stand-alone basis, and Flower Industries and its Subsidiaries
taken as a whole, are sold with reasonable promptness under
normal selling conditions in a current market.
(c) "New Financing"
The Indebtedness incurred or to be incurred by the Company and
its Subsidiaries and Flowers Industries and its Subsidiaries
under the Documents and all other financing contemplated by
the Documents (including, without limitation, the Credit
Documents), in each case after giving effect to the
Transaction and all financing contemplated therewith.
393
Exhibit J
Page 2
(d) "Stated Liabilities"
The recorded liabilities that would be recorded in accordance
with generally accepted accounting principles ("GAAP") of the
Company on a stand-alone basis, of the Company and its
Subsidiaries taken as a whole, of Flowers Industries on a
stand-alone basis, and of Flowers Industries and its
Subsidiaries taken as a whole, as of the date hereof after
giving effect to Transaction, determined in accordance with
GAAP consistently applied, together with the amount of all New
Financing.
(e) "Identified Contingent Liabilities"
The maximum estimated amount of liabilities reasonably likely
to result from pending litigation, asserted claims and
assessments, guaranties, uninsured risks and other contingent
liabilities of each of the Company on a stand-alone basis, the
Company and its Subsidiaries taken as a whole, Flowers
Industries on a stand-alone basis, and Flowers Industries and
its Subsidiaries taken as a whole, after giving effect to the
Transaction, as identified and explained in terms of their
nature and estimated magnitude by responsible officers of the
Company or any of its Subsidiaries or Flowers Industries or
any of its Subsidiaries or that have been identified as such
by an officer of the Company or any of its Subsidiaries or
Flowers Industries or any of its Subsidiaries.
(f) "Will be able to pay its Stated Liabilities and Identified
Contingent Liabilities, as they mature"
For the period from the date hereof through the stated
maturity of all the New Financing, each of the Company on a
stand-alone basis, the Company and its Subsidiaries taken as a
whole, Flowers Industries on a stand-alone basis, and Flowers
Industries and its Subsidiaries taken as a whole, will have
sufficient assets and cash flow to pay its Stated Liabilities
and Identified Contingent Liabilities as those liabilities
mature or otherwise become payable.
(g) "Does not have Unreasonably Small Capital"
For the period from the date hereof through the stated
maturity of all the New Financing, each of the Company on a
stand-alone basis, the Company and its Subsidiaries taken as a
whole, Flowers Industries on a stand-alone basis, and Flowers
Industries and its Subsidiaries taken as a whole, after
consummation of the Transaction and all Indebtedness being
incurred or assumed and Liens created by the Company and its
Subsidiaries and Flowers Industries and its Subsidiaries in
connection therewith, is a going concern and has sufficient
capital to ensure that it will continue to be a going concern
for such period and to remain a going concern.
394
Exhibit J
Page 3
3. For purposes of this Certificate, I, other officers of the
Company and its Subsidiaries under my direction and supervision, or other
officers of Flowers Industries and its Subsidiaries have performed the following
procedures as of and for the periods set forth below.
(a) I have reviewed the financial statements (including the pro
forma financial statements) referred to in Section 7.05 of the
Credit Agreement.
(b) I have made inquiries of certain officials of the Company and
its Subsidiaries and Flowers Industries and its Subsidiaries
who have responsibility for financial and accounting matters
regarding the existence and amount of Identified Contingent
Liabilities associated with the respective businesses of the
Company and its Subsidiaries and Flowers Industries and its
Subsidiaries.
(c) I have knowledge of and have reviewed to my satisfaction the
Credit Documents and the other Documents, and the respective
Schedules and Exhibits thereto.
(d) With respect to Identified Contingent Liabilities, I:
1. inquired of certain officials of the Company and its
Subsidiaries and Flowers Industries and its
Subsidiaries who have responsibility for legal,
financial and accounting matters as to the existence
and estimated liability with respect to all
contingent liabilities known to them; and
2. confirmed with officers of the Company and its
Subsidiaries and Flowers Industries and its
Subsidiaries that, to the best of such officers'
knowledge, all appropriate items were included in
Identified Contingent Liabilities and the amounts
relating thereto were the maximum estimated amount of
liabilities reasonably likely to result therefrom as
of the date hereof.
(e) I have examined the Projections which have been delivered to
the Lenders and considered the effect thereon of any changes
since the date of the preparation thereof on the results
projected therein. After such review, I hereby certify that in
my opinion the Projections are reasonable and the Projections
support the conclusions contained in paragraph 4 below.
(f) I have made inquiries of certain officers of the Company and
its Subsidiaries and Flowers Industries and its Subsidiaries
who have responsibility for financial reporting and accounting
matters regarding whether they were aware of any events or
conditions that, as of the date hereof, would cause either the
Company on a stand-alone basis, the Company and its
Subsidiaries taken as a whole, Flowers Industries on a
stand-alone basis, or Flowers Industries and its Subsidiaries
taken as a whole, in each case after giving effect to the
Transaction and the related financing transactions (including
the incurrence of the New Financing), to (i) have assets with
a Fair Value or Present Fair Salable Value that are less than
the sum of Stated Liabilities and Identified Contingent
Liabilities; (ii) have Unreasonably Small Capital; or (iii)
not be able to pay its Stated
395
Exhibit J
Page 4
Liabilities and Identified Contingent Liabilities as they
mature or otherwise become payable.
4. Based on and subject to the foregoing, I, in my capacity as
the chief financial officer of the Company, hereby certify on behalf of the
Company that, (x) after giving effect to the Transaction and the related
financing transactions (including the incurrence of the New Financing), it is my
informed opinion that (i) the Fair Value and Present Fair Salable Value of the
assets of each of the Company on a stand-alone basis, the Company and its
Subsidiaries taken as a whole, Flowers Industries on a stand-alone basis, and
Flowers Industries and its Subsidiaries taken as a whole, exceed its Stated
Liabilities and Identified Contingent Liabilities; (ii) neither the Company on a
stand-alone basis, the Company and its Subsidiaries taken as a whole, Flowers
Industries on a stand-alone basis, nor Flowers Industries and its Subsidiaries
taken as a whole, has Unreasonably Small Capital; and (iii) each of the Company
on a stand-alone basis, the Company and its Subsidiaries taken as a whole,
Flowers Industries on a stand-alone basis, and Flowers Industries and its
Subsidiaries taken as a whole, will be able to pay its Stated Liabilities and
Identified Contingent Liabilities, as they mature or otherwise become payable
and (y) after giving effect to the Transaction, it is my informed opinion that
immediately prior to the Spin-off and giving effect to the Spin-off and the
Flowers Industries Merger (i) the Fair Value and Present Fair Salable Value of
the assets of each of Flowers Industries on a stand-alone basis, and Flowers
Industries and its Subsidiaries taken as a whole, exceed its Stated Liabilities
and Identified Contingent Liabilities; (ii) neither Flowers Industries on a
stand-alone basis, nor Flowers Industries and its Subsidiaries taken as a whole,
has Unreasonably Small Capital; and (iii) each of Flowers Industries on a
stand-alone basis, and Flowers Industries and its Subsidiaries taken as a whole,
will be able to pay its Stated Liabilities and Identified Contingent
Liabilities, as they mature or otherwise become payable.
* * *
396
Exhibit J
Page 5
IN WITNESS WHEREOF, I have hereto set my hand this ___ day of
______, ______.
FLOWERS FOODS, INC.
By________________________________
Name:
Title:
397
Exhibit K
ASSIGNMENT AND ASSUMPTION AGREEMENT
DATE: ________ __, ____
Reference is made to the Credit Agreement described in Item 2
of Annex I annexed hereto (as such Credit Agreement may hereafter be amended,
modified or supplemented from time to time, the "Credit Agreement"). Unless
defined in Annex I attached hereto, terms defined in the Credit Agreement are
used herein as therein defined. _____________ (the "Assignor") and
______________ (the "Assignee") hereby agree as follows:
1. The Assignor hereby sells and assigns to the Assignee
without recourse and without representation or warranty (other than as expressly
provided herein), and the Assignee hereby purchases and assumes from the
Assignor, that interest in and to all of the Assignor's rights and obligations
under the Credit Agreement as of the date hereof which represents the percentage
interest specified in Item 4 of Annex I (the "Assigned Share") of all of the
outstanding rights and obligations under the Credit Agreement relating to the
facilities listed in Item 4 of Annex I, including, without limitation, (x) in
the case of any assignment of outstanding A Term Loans, all rights and
obligations with respect to the Assigned Share of such A Term Loans, (y) in the
case of any assignment of outstanding B Term Loans, all rights and obligations
with respect to the Assigned Share of such B Term Loans and (z) in the case of
any assignment of all or any portion of the Total Revolving Loan Commitment, all
rights and obligations with respect to the Assigned Share of such Total
Revolving Loan Commitment and of any outstanding Revolving Loans, Swingline
Loans and Letters of Credit.
2. The Assignor (i) represents and warrants that it is the
legal and beneficial owner of the interest being assigned by it hereunder and
that such interest is free and clear of any adverse claims; (ii) makes no
representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the
Credit Agreement or the other Credit Documents or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or the other Credit Documents or any other instrument or document
furnished pursuant thereto; and (iii) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the
Borrower or any of its Subsidiaries or the performance or observance by the
Borrower or any of its Subsidiaries of any of their respective obligations under
the Credit Agreement or the other Credit Documents or any other instrument or
document furnished pursuant thereto.
3. The Assignee (i) confirms that it is an Eligible
Transferee, (ii) confirms that it has received a copy of the Credit Agreement
and the other Credit Documents, together with copies of the financial statements
referred to therein and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption Agreement; (iii) agrees that it will, independently
and without reliance upon the Administrative Agent, the Assignor or any other
Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking
action under the Credit Agreement; (iv) appoints and
398
Exhibit K
Page 2
authorizes the Administrative Agent and the Collateral Agent to take such action
as agent on its behalf and to exercise such powers under the Credit Agreement
and the other Credit Documents as are delegated to the Administrative Agent and
the Collateral Agent by the terms thereof, together with such powers as are
reasonably incidental thereto; [and] (v) agrees that it will perform in
accordance with their terms all of the obligations which by the terms of the
Credit Agreement are required to be performed by it as a Lender [; and (vi)
attaches the Forms and/or Certificate described in Section 13.04(b) of the
Credit Agreement.]1
4. Following the execution of this Assignment and Assumption
Agreement by the Assignor and the Assignee, an executed original hereof
(together with all attachments) will be delivered to the Administrative Agent.
The effective date of this Assignment and Assumption Agreement shall be the date
of execution hereof by the Assignor and the Assignee, the receipt of the consent
of the Administrative Agent, the Borrower and each Issuing Lender to the extent
required by the Credit Agreement, receipt by the Administrative Agent of the
assignment fee referred to in Section 13.04(b) of the Credit Agreement, and the
recordation by the Administrative Agent of the assignment effected hereby in the
Register, unless otherwise specified in Item 5 of Annex I (the "Settlement
Date").
5. Upon the delivery of a fully executed original hereof to
the Administrative Agent, as of the Settlement Date, (i) the Assignee shall be a
party to the Credit Agreement and, to the extent provided in this Assignment and
Assumption Agreement, have the rights and obligations of a Lender thereunder and
under the other Credit Documents and (ii) the Assignor shall, to the extent
provided in this Assignment and Assumption Agreement, relinquish its rights and
be released from its obligations under the Credit Agreement and the other Credit
Documents.
6. It is agreed that upon the effectiveness hereof, the
Assignee shall be entitled to (w) all interest on the Assigned Share of the
Loans at the rates specified in Item 6 of Annex I hereto, (x) all Commitment
Commission (if applicable) on the Assigned Share of the Total Revolving Loan
Commitment at the rate specified in Item 7 of Annex I hereto and (y) all Letter
of Credit Fees (if applicable) on the Assignee's participation in all Letters of
Credit at the rate specified in Item 8 of Annex I hereto, which, in each case,
accrue on and after the Settlement Date, such interest and, if applicable,
Commitment Commission and Letter of Credit Fees, to be paid by the
Administrative Agent directly to the Assignee. It is further agreed that all
payments of principal made on the Assigned Share of the Loans which occur on and
after the Settlement Date will be paid directly by the Administrative Agent to
the Assignee. Upon the Settlement Date, the Assignee shall pay to the Assignor
an amount specified by the Assignor in writing which represents the Assigned
Share of the principal amount of the respective Loans made by the Assignor
pursuant to the Credit Agreement which are outstanding on the Settlement Date,
net of any closing costs, and which are being assigned hereunder. The Assignor
and the Assignee shall
------------------------
1 If the Assignee is organized under the laws of a jurisdiction outside the
United States.
399
Exhibit K
Page 3
make all appropriate adjustments in payments under the Credit Agreement for
periods prior to the Settlement Date directly between themselves.
7. THIS ASSIGNMENT AND ASSUMPTION AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, the parties hereto have caused this
Assignment and Assumption Agreement to be executed by their respective officers
thereunto duly authorized, as of the date first above written, such execution
also being made on Annex I hereto.
[NAME OF ASSIGNOR],
as Assignor
By____________________________
Name:
Title:
[NAME OF ASSIGNEE],
as Assignee
By____________________________
Name:
Title:
400
Exhibit K
Page 4
[Acknowledged and Agreed:
BANKERS TRUST COMPANY, as Administrative Agent
By____________________________
Name:
Title:]2
[BANKERS TRUST COMPANY, as Swingline Lender
By____________________________
Name:
Title:
[LETTER OF CREDIT ISSUER]
By____________________________
Name:
Title:]3
[FLOWERS FOODS, INC.
By____________________________
Name:
Title:]4
----------------------------
2 Insert only if assignment is being made pursuant to Section 13.04(b)(y) of
the Credit Agreement.
3 Insert only if assignment of any portion of the Total Revolving Loan
Commitment is being made pursuant to Section 13.04(b)(y) of the Credit
Agreement.
4 Insert only if assignment is being made pursuant to Section 13.04(b)(y) of
the Credit Agreement, so long as no Specified Default is then in
existence.
401
ANNEX I
ANNEX FOR ASSIGNMENT AND ASSUMPTION AGREEMENT
1. The Borrower: Flowers Foods, Inc. (the "Borrower").
2. Name and Date of Credit Agreement:
Credit Agreement, dated as of March 26, 2001, among the Borrower, the
lenders from time to time party thereto, SunTrust Bank, as Syndication
Agent, and Bankers Trust Company, as Administrative Agent (as amended,
restated, modified and/or supplemented from time to time, the "Credit
Agreement").
3. Date of Assignment Agreement:
4. Amounts (as of date of item #3 above):
Outstanding Outstanding Amount of
Principal of Principal of Revolving
A Term Loans B Term Loans Loan Commitment
a. Aggregate Amount for all Lenders
$________ $________ $________
b. Assigned Share ________% ________% ________%
c. Amount of Assigned Share $_________ $_________ $_________
5. Settlement Date:
6. Rate of Interest
to the Assignee: As set forth in Section 1.08 of the Credit Agreement.1
7. Commitment
Commission to
the Assignee: As set forth in Section 3.01(a) of the Credit Agreement.2
----------------------
1 The Borrower and the Administrative Agent shall, following recordation of
such assignment by the Administrative Agent on the Register, direct the
entire amount of interest to the Assignee at the rate set forth in Section
1.08 of the Credit Agreement.
2 Insert "Not Applicable" in lieu of text if no portion of the Total
Revolving Loan Commitment is being assigned. Otherwise the Borrower and
the Administrative Agent shall, following recordation of such assignment
by the Administrative Agent on the Register, direct the entire amount of
the applicable Commitment Commission to the Assignee at the rate set forth
in the appropriate clause of Section 3.01(a) of the Credit Agreement.
402
ANNEX I
Page 2
8. Letter of Credit
Fee to the Assignee: As set forth in Section 3.01(b) of the
Credit Agreement (unless otherwise agreed to
by the Assignor and the Assignee).3
9. Notice: ASSIGNEE:
-------------------
-------------------
-------------------
-------------------
Attention:
Telephone:
Telecopier:
Reference:
Payment Instructions: ASSIGNEE:
-------------------
-------------------
-------------------
-------------------
Attention:
Reference:
Accepted and Agreed:
[NAME OF ASSIGNEE] [NAME OF ASSIGNOR]
By____________________ By_______________________
Name: Name:
Title: Title:
-----------------------
3 Insert "Not Applicable" in lieu of text if no portion of the Total
Revolving Loan Commitment is being assigned. Otherwise the Borrower and
the Administrative Agent shall, following recordation of such assignment
by the Administrative Agent on the Register, direct the entire amount of
the Letter of Credit Fee to the Assignee at the rate set forth in Section
3.01(b) of the Credit Agreement.
